Mastercard accelerates go-to-market opportunities for blockchain innovation
June 22, 2023Expanded Mastercard Engage partner network will help scale digital assets and blockchain technology, and meet continued ecosystem demand
As our world continues to embrace new and emerging payments technology such as crypto, Mastercard is introducing a new track as part of its global Engage partner network to allow businesses to quickly launch and scale products that power the Web3 economy.
Mastercard Engage makes it simple for partners to collaborate with Mastercard and accelerate time to market for product innovation through access to the company’s global network, expertise, technology, and resources. Last year alone, more than 150 Engage partners helped their customers deploy innovative solutions on more than 500 million accounts using Mastercard products and services.
The expanded Engage partner network focused on digital assets will help identify partners that can help bring new crypto card programs to market, in addition to allowing for crypto to fiat conversion capabilities. This, in turn, will broaden access to and for the many different players across the crypto value chain. Mastercard Engage benefits can be broken down into two key areas:
- Become a partner: For issuers or BIN sponsors looking to launch new crypto card programs, and payment ecosystem enablers looking to scale crypto payments solutions with BIN sponsors, Virtual Asset Service Providers (VASPs), processors and more
- Find a partner: For companies or digital asset innovators looking for the right partners to launch and scale their offerings
“Mastercard is committed to co-innovating across the industry to enable access to crypto and blockchain technology. This not only unlocks potential, but also provides greater choice in payments and commerce,” said Raj Dhamodharan, executive vice president, Blockchain and Digital Assets at Mastercard. “The expanded Mastercard Engage network will help empower players across the digital asset ecosystem and beyond to fulfill their ambitions at scale, paired with the safety and security that comes with the Mastercard brand.”
The following enablement partners are joining Mastercard Engage to propel blockchain innovation:
Baanx (EU): Offers a range of services to store and spend cryptocurrencies seamlessly across more than 100 million acceptance locations globally
Credencial Payments (LAC): Integrates payment methods with digital onboarding functionalities, focused on providing solutions for merchants and consumers
Episode Six (AP, EU, NAM): Provides enterprise-grade payment processing and digital ledger infrastructure globally
Immersve (AP): Supports both centralized and decentralized payment experiences through an issuing-as-a-service platform
Monavate (EU): Improves the way the world makes payments through its smarter, faster, simpler card management platform
Moorwand (EU): Offers BIN sponsorship, digital banking and compliance services for banks, fintechs and payment companies across the UK and EEA
PayCaddy (LAC): Enables tech and non-tech companies in Latin America to launch digital banking and card products quickly and efficiently
Paymentology (AP, LAC, MEA): Enables banks, digital banks and fintechs to rapidly issue and process cards, anywhere in the world, at scale
Pomelo (LAC): Enables companies to launch and scale their fintech business within weeks in Latin America
Swap (LAC): Offers a comprehensive financial solution – from regulatory support and banking services to card issuing and embossing – for fintechs, financial institutions and digital banks
Unlimit (EU): Offers a large portfolio of financial services, including payment processing, banking as a service (BaaS), and an on-ramp fiat solution for crypto, DeFi and GameFi
To learn more about Mastercard Engage, visit the website. Find out more about Mastercard’s work with digital currencies on the Newsroom.
Media contact: Suman Hughes, Mastercard Europe Communications, suman.hughes@mastercard.com
Media contact: Jen Langione, Mastercard Global Communications, jen.langione@mastercard.com
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