Mastercard Launches Fintech Express; Rapyd First to be Onboarded

Mastercard Launches Fintech Express; Rapyd First to be Onboarded

by November 11, 2019
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Mastercard today launched Fintech Express during the Singapore Fintech Festival 2019. According to their press release, through Mastercard’s Fintech Express, fintechs get access to a suite digital-first products, flexible commercial agreements and global licensing support for fintech looking to scale globally.

They have on-boarded their first partner Rapyd, a Fintech-as-a-Service platform who has recently raised US$ 100 million in funding and secured a remittance license in Singapore.

In a media statement they stated that this programme has provided Rapyd licensing as a Mastercard issuer within two weeks, swift integration with the Mastercard network and strategic counsel from Mastercard’s in-market fintech specialists.

As a result of the program, Rapyd will partner Mastercard on issuing cards for Rapyd’s corporate clients in Asia Pacific. Rapyd’s API-based platform provides a wide range of customized payment solutions to regional and global eCommerce merchants, gig economy platforms, and technology providers, and helps them to quickly integrate Payments and Fintech capabilities, minimizing development timelines and time-to-market.

Powering this behind the scenes is Mastercard Fintech Express, the latest addition to the Mastercard Accelerate platform which was designed to simplify the way that Mastercard works with fintechs around the world. Through Accelerate, fintechs are offered a single-entry point to Mastercard’s wide portfolio of specialized programs that offer support and assistance throughout a fintech’s growth and transformation journey, from market entry to global expansion.

 

Rama Sridhar

Rama Sridhar

“Mastercard has been the partner of choice for hundreds of fintechs globally. With the launch of Fintech Express, a tailored program that provides fintechs with what they need most – speed, scale and performance – Mastercard is celebrating a new milestone in our fintech journey. Speed is absolutely critical in the Asia Pacific region which is a dynamic hotbed for ambitious startups that are transforming the payments landscape,”

said Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows, Asia Pacific, Mastercard.

“Rapyd is a great example of a high growth fintech platform that is meeting an unmet need in the market by enabling digital merchants, gig economy players and fintechs to scale globally. Mastercard is delighted to be part of their growth story.”

Joel Yarbrough

Joel Yarbrough

“I believe the partnership between Rapyd and Mastercard will help drive even faster growth in the region’s economy. Asia Pacific is witnessing a revolution in new payments services from both traditional players going digital, and digital innovators trying to build the next big Super-Apps. These innovators are looking for a next generation fintech platform to help them move faster and offer more services, knitting things together behind the scenes, so they can focus on scaling their operations in the region and globally.

said Joel Yarbrough, Vice President, Asia Pacific, Rapyd.

Mastercard Fintech Express is now accepting applications from interested companies here.

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  1. #1 Mastercard Launches Fintech Express to Make Functioning of Fintechs Efficient - Cryptoworld World Club 11 November, 2019, 18:43

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  2. #2 Mastercard Launches Fintech Express to Make Functioning of Fintechs More Efficient — Crypto-News 11 November, 2019, 18:47

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  3. #3 Mastercard Launches Fintech Express to Make Functioning of Fintechs More Efficient - CryptoNewsTrending 11 November, 2019, 18:51

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  4. #4 Mastercard Launches Fintech Express to Make Functioning of Fintechs More Efficient – Nakamoto News 11 November, 2019, 19:50

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  5. #5 Mastercard Launches Support Platform for Fintech Startups in Asia Pacific | Bitcoin Imperia 11 November, 2019, 21:18

    […] Pacific remarked that the partnership will immensely benefit the economy of the region. Yarbrough opined that fintech startups like Rapyd require such cooperation in their quest to scale their operations […]

  6. #6 Mastercard Launches Support Platform for Fintech Startups in Asia Pacific – Alpha Currencies 11 November, 2019, 21:34

    […] Pacific remarked that the partnership will immensely benefit the economy of the region. Yarbrough opined that fintech startups like Rapyd require such cooperation in their quest to scale their operations […]

  7. #7 Mastercard Launches Support Platform for Fintech Startups in Asia Pacific — CoinBoom — cryptonews camp 11 November, 2019, 21:57

    […] Pacific remarked that the partnership will immensely benefit the economy of the region. Yarbrough opined that fintech startups like Rapyd require such cooperation in their quest to scale their operations […]

  8. #8 Mastercard Strives to Improve Fintech Services Via Fintech Express | | Crypto Season 11 November, 2019, 22:38

    […] and Emerging Partnerships and New Payment Flows of Mastercard’s Asia Pacific division. She explained that Mastercard had been hundreds of fintech companies’ partner of choice across the globe. […]

  9. #9 Mastercard Launches Fintech Express to Make Functioning of Fintechs More Efficient - Crypto Mak 11 November, 2019, 23:55

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  10. #10 Mastercard Launches Fintech Express to Make Functioning of Fintechs More Efficient - Crypto Buzzing 12 November, 2019, 00:08

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  11. #11 Mastercard Strives to Improve Fintech Services Via Fintech Express - Crypto News 12 November, 2019, 00:28

    […] and Emerging Partnerships and New Payment Flows of Mastercard’s Asia Pacific division. She defined that Mastercard had been a whole lot of fintech corporations’ accomplice of alternative […]

  12. #12 Mastercard Strives to Enhance Fintech Providers By way of Fintech Categorical | | blockchain news at your finger tips. 12 November, 2019, 00:29

    […] and Emerging Partnerships and New Payment Flows of Mastercard’s Asia Pacific division. She explained that Mastercard had been hundreds of fintech companies’ partner of choice across the globe. […]

  13. #13 Mastercard Launches Support Platform for Fintech Startups in Asia Pacific – news.kuaidiantou.vip 12 November, 2019, 01:48

    […] Pacific remarked that the partnership will immensely benefit the economy of the region. Yarbrough opined that fintech startups like Rapyd require such cooperation in their quest to scale their operations […]

  14. #14 Mastercard Launches Fintech Express to Make Functioning of Fintechs Efficient | Bitcoin Imperia 12 November, 2019, 02:06

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  15. #15 Mastercard Launches Fintech Express to Make Functioning of Fintechs Efficient – Alpha Currencies 12 November, 2019, 04:41

    […] Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows for Mastercard, Asia Pacific, commented: […]

  16. #16 Who Will Be the Ultimate Winner of Asia Pacific’s Virtual Banking Race? | Fintech Singapore 12 December, 2019, 15:26

    […] array of Singapore-based payment methods including GrabPay, DBS Paylah! and PayNow, as well as its collaboration with Mastercard in Asia Pacific to issue digital and physical prepaid […]

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