PURCHASE, N.Y.—Inswitch reported it is now working with Mastercard to design and deliver digital payment solutions and issuing programs starting with selected countries across Latin America.
Inswitch and embedded finance firm will begin issuing cards as a Mastercard principal member in Mexico, with plans to expand quickly to other regions in the future, Fintech Times reported.
“Now our clients can issue branded cards to support different use cases: digital wallets, buy now pay later, supplier payments, working capital for corporate expenses or cash management necessities; among others,” said Ronald Alvarenga, CEO at Inswitch.
In addition to the issuing program, Inswitch and Mastercard will work together to offer an agnostic platform supporting different types of businesses across verticals including e-commerce, retailers and banks, Fintech Times said.
Inswitch, which has implemented more than 100 platforms in 30 countries in Latin America and the Caribbean, will also provide Mastercard and its clients management tools to manage the business, including reporting, analytics, white label channels, automatic settlements and reconciliations, according to the report.
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