Mastercard has launched its Fintech Express programme to enable European startups to leverage its technology and global network to launch and expand rapidly.
The new programme is one of the four main programmes of Mastercard Accelerate, a fintech platform for startups, which also includes Start Path, Engage and Developers programmes.
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Fintech Express programme
The new programme provides emerging startups with a Mastercard licence and access to its global payments network through an onboarding process.
It supports collaboration from digital payment partners to launch new fintech products and solutions.
Fintech Express partners help brands launch payment solutions faster and enjoy the benefits of becoming a ‘Qualified Engage Partner’.
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By GlobalDataThe programme enables startups to connect with its Express partners and launch in the market within days.
Mastercard Europe president Mark Barnett said: “Be it mobile payments, access to financing, or e-commerce, fintechs have become the building blocks of our modern-day payment infrastructure.
“Mastercard has already established itself as a partner of choice for fintechs across Europe and with today’s announcement we are taking the next step in further empowering them to fulfil their ambitions of scale and speed.”
Railsbank, a global banking-as-a-service (BaaS) platform, is one of the early partners of the new Fintech Express programme.
Railsbank is also a member of Mastercard’s Start Path programme since 2017.
Last month, Mastercard launched Track Business Payment Service in the US to modernise B2B payments.
Recently, fintech XTM expedited the launch of ‘Today Mastercard’ programme in the US.
Mastercard also launched a new suite of Open Banking solutions to deliver a greater choice of financial services across Europe.
