#Payments / TransferWise goes global with Mastercard partnership

TransferWise has extended its card issuance partnership with Mastercard to issue cards in any market where the latter is accepted.

TransferWise claims to have issued more than one million cards globally with Mastercard. With a Japan launch planned for later this year, the firm is now planning a wider global expansion.

TransferWise hit a valuation of $5 billion in late July. It followed a liquidity round which saw $319 million worth of shares sold by employees and stakeholders.

The fintech, which landed a $3.5 billion valuation last year, says it has seen a 43% uplift in its value since May 2019.

https://www.fintechfutures.com/2020/08/transferwise-goes-global-with-mastercard-partnership/