#PayTech / Mastercard Invests In Marqeta In Expanded Global Partnership

The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced … that Mastercard will “make a financial investment” as the two companies look “deepen their global partnership” … the card issuing platform said the infusion of cash will help it speed up its international expansion, in particular by “streamlining its global network certification process.”

… the two companies plan to “open access to Mastercard products for Marqeta customers,” as well as team up on new products, “with an emphasis on expanding and launching more card programs together…”