Marqeta a modern card issuing platform headquartered in California, aims to empower payment builders to bring the most innovative products to the world. It brings speed and efficiency to payment processing and card issuing with its as well as world’s first open API platform.

Marqeta announced that it will be a part of Network Enablement Partner (NEP) program of Mastercard in APAC (Asia Pacific) region. The platform will become a NEP, and with this it can offer live issuance to APAC-based consumers at a swift pace.

Melissa Keir, VP, Global Expansion, Marqeta, commented, “Our partnerships throughout the world are critical to our success in new regions. We’re proud to be among the first cohort of Partners to be welcomed by Mastercard into the NEP program in APAC. We look forward to working closely together to strengthen our existing relationship and bring more value to our customers in APAC.”

Marqeta will be able to access reach, network, information, and solutions of Mastercard by joining NEP program. Apart from this, Marqeta will enable APAC customers to make their businesses scalable throughout different locations by boosting efficiency and performance. Marqeta is as of now eyeing on local disruptors and FinTechs in APAC trying to offer smooth consumer experience and digital-first approach for payment transaction. 

Ben Gilbey, Senior VP, Digital Consumer Solutions, Asia Pacific, Mastercard, stated, “As one of Mastercard’s first Network Enablement Partners to be onboarded in the Asia Pacific region, Marqeta is well-equipped to deliver card issuances in record time, and to help their fintech customers scale at speed across multiple geographies. By connecting directly with Mastercard through the NEP program, Marqeta enjoys privileged access to priceless information, training and resources that ultimately benefit their customers in the form of optimized performance and operational efficiency.”

Read: Mastercard Inks Collaboration with HyperPay for Digital Payments