Mastercard expands Product Express platform

Source: Mastercard

After the successful launch in Latin America earlier this year, Product Express now enables fintechs in Africa and Middle East, Europe and North America to launch a card program in as fast as 15 days*

Mastercard has today announced the expansion of its Product Express platform in Africa and Middle East, Europe, North America, and more markets in Latin America to help fintechs launch card programs quickly and through a process that’s simple and transparent.

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, more regions and more solutions. By creating a better experience for all parties, we foster innovation and reduce time to market.”

Ricardo Dantas, CEO of Foxbit in Brazil said: "The partnership with Mastercard through the Product Express platform brought many benefits to Foxbit. The onboarding process was simple and efficient, allowing quick and secure integration into Mastercard services. The platform not only expedited our entry into the global payments ecosystem but also strengthened our ability to offer innovative and trustworthy solutions in the crypto 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, Wema Bank.

Jacqueline White, president of i2c, said “Mastercard Product Express delivers the simple, fast and transparent experience that customers have come to expect from other industries. The experience we provide to fintechs makes us stand out from competition and enables rapid innovation. Everyone at i2c is very proud to be the first processor in the United States to support the program.”  

Beyond card issuance, Product Express will soon provide simple, fast and transparent onboarding for additional solutions to enable global payments acceptance. This includes a host of Acceptance solutions available globally as well as enterprise payment solutions via Mastercard Gateway, which offers a single connection to help customers accept payments globally and expand into new markets more easily.

*Post due diligence and contract signing when starter plan for card issuance is chosen

Note for editors: Mastercard Product Express is the new name for Fintech Express.