Today, Mastercard announced the expansion of its Product Express platform in Africa, the Middle East, Europe, North America, and more markets in Latin America to help fintechs launch card programs quickly and in a simple and transparent process.
Mastercard Product Express is designed for fintechs, enabling the innovation necessary to meet their customer needs and helping reduce their time to market by providing them with the tools, resources and partners required to launch and scale.
Through the platform, fintechs can easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and the ability to track progress in full transparency across all steps to be completed by all parties.
This allows them to drastically reduce the time to market with the platform providing a way for fintechs to launch card programs in as fast as 15 days.
Jennifer Premisler, senior vice president of Fintech Solutions at Mastercard, said: "We are thrilled to be expanding the reach of the Product Express to more partners, regions and solutions. By creating a better experience for all parties, we foster innovation and reduce time to market."
The platform also empowers partners to deliver exceptional experiences, helping their fintech clients excel in a competitive market. Within the first year of launch, Mastercard has brought onto the platform BIN Sponsors, Processors and Program Managers like Blusalt, Episode Six, FOO, Giftstarr, i2c Inc., Nymcard, Optimus, Paymentology, and Wema Bank.
Beyond card issuance, Product Express will soon provide simple, fast and transparent onboarding for additional solutions to enable global payment acceptance.
