Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced that it is part of the first cohort of companies to join Mastercard’s Network Enablement Partner (NEP) program in the Asia Pacific region. As a Network Enablement Partner, Marqeta is able to offer its customers throughout the APAC region live issuance on a faster timeline.
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“Our partnerships throughout the world are critical to our success in new regions”
The NEP program provides Marqeta with access to Mastercard’s core infrastructure: its network, reach, solutions and information. With NEP, Marqeta is able to empower its Asia-Pacific customers to scale more quickly across multiple geographies, accelerate product innovation, and optimize performance and efficiency.
“Our partnerships throughout the world are critical to our success in new regions,” said Melissa Keir, VP of Global Expansion at Marqeta. “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 is initially targeting fintechs and local disruptors across APAC that are looking to transform payments by creating digital-first, seamless customer experiences. These new markets are all committed to improving payment infrastructure and will be well-served by Marqeta and Mastercard through this partnership.
“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,” said Ben Gilbey, Senior Vice President, Digital Consumer Solutions, Asia Pacific, Mastercard.
With the recent announcement of new certifications in APAC, Marqeta’s platform is now enabled in multiple countries across the Asia Pacific region, having announced its Australian office in 2021. The company plans to establish Singapore as its Asia Pacific regional hub, building a broader team to support the region in 2022.
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s modern architecture gives its customers the ability to build more configurable and flexible payment experiences, accelerating time-to-market and democratizing access to card issuing technology. Marqeta’s open APIs provide instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle payment transactions. Marqeta is headquartered in Oakland, California and is certified to operate in 39 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.