The program, which accelerates the introduction of card value propositions by fintechs to the market and their access to other services needed in the field of payments, supports fintechs in growing their businesses.
With its Fintech Express program, Mastercard offers accelerated turnkey solutions to fintechs and startups that want to add card payments to their products.
Working with the goal of a cashless society, Mastercard continues to share its leading payment technologies with the entire ecosystem.
The Fintech Express program, which accelerates the introduction of card value propositions by fintechs to the market and their access to other services needed in the field of payments, supports fintechs in growing their businesses.
Aiming to support SMEs, fintech and start-ups, which have an important place in the Turkish economy, in every field, Mastercard is now expanding its scope of support to prepaid card companies and fintechs.
With its innovative products, Mastercard has been supporting licensed e-money institutions and fintechs in implementing successful applications in the field of payments, especially prepaid card issuance, for years.
Mastercard has now developed the Fintech Express program in order to facilitate the partner search process of fintechs and to meet their desire to get to the market fast, in the sector that is growing every year and increasing competition in Turkiye. The program also aims to mediate the access of licensed institutions to new markets by increasing their awareness at the global level.
Fast prepaid card
Fintechs and start-ups participating in the Fintech Express program have the opportunity to offer prepaid card products to the market within weeks with the ‘Fast Track’ feature and can differentiate themselves in a competitive environment.
The program optimizes the time spent on each fintech and/or start-up collaboration by pre-approving the processes during the issuance of prepaid cards by licensed card manufacturers offering ‘platform-as-a-service’.
The program, which aims to increase the cooperation between fintechs and licensed card manufacturers offering ‘platform-as-a-service’, offers different Mastercard products to fintechs and start-ups as well as fast card issuance.
Emphasizing information on the world of payments and Mastercad processes, Mastercard also provides training opportunities for fintechs and start-ups that aim to offer financial solutions, especially coming from different business areas.
Startups participating in the Fintech Express program can benefit from Mastercard Academy courses to improve their businesses and increase their knowledge about the payments industry. In addition, they can benefit from the MasterSME platform, which consists of various discounts and advantages offered by Mastercard for SMEs.
Masterpass integration and cyber security solutions
Fintechs participating in the program can also quickly and securely receive payments by quickly integrating Mastercard’s card storage infrastructure, Masterpass. With Mastercard’s masking technology, Masterpass, which prevents the consumer’s information from coming out, also makes it easier for consumers to complete their payments without any problems.
Supporting fintechs in recent cyber security issues, Mastercard also provides security support to fintechs with its cyber security services RiskRecon and Threat Scan.
As fintechs continue to grow at full speed, their economic impact is visibly increasing. Widespread digital technologies not only reduce the costs of financial products and services, but also increase efficiency gains throughout the economy, enabling users to be more adaptable to their unique needs.
Mastercard also continues to support fintechs in every field, which ensures the spread of products and services to all segments of society, with its contribution to expanding the sphere of influence of financial inclusion.
Fintech Express opportunities include accelerated card issuance process, access to Mastercard Academy, which will enable fintechs to develop their competencies in Mastercard processes, access to the ‘Mastercard Consulting’ trend report specific to e-money institutions and fintechs, access to Mastercard’s innovative digital and cyber security solutions, and access to MasterKobi special discount packages for fintechs.
Source: AA / Prepared by Irem Yildiz