PURCHASE, N.Y.—Mastercard has introduced Fintech Express, a solution that aims to boost the market entry and expansion of startups, the company said.
The program was launched in Europe in the first week of June.
The effort supports payments providers by making it simple for them to collaborate with Mastercard and expand their network and launch new fintech products, Commercial Payments International reported. d
“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,” said Mark Barnett, president at Mastercard Europe.
This program falls under Mastercard Accelerate, which is company’s fintech accelerator platform helping startups and brands to expand their growth and transformation. Under this, four main programs fall into Fintech Express: Start Path, Engage, and Developers, Commercial Payments International said.