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Partnership enables Netbank to become a licensed Mastercard issuer


Published July 8, 2021, 8:33 AM
Mastercard today announced that Netbank, the Philippines’ first Banking-as-a-Service platform (BaaS), will join its Fintech Express program, giving the regulated Filipino bank access to a vast range of Mastercard’s digital-first products and enabling it to issue debit and credit cards under its partners’ brands.
Netbank is geared towards accelerating the digitalization of its customers including financial institutions, payment companies, neo-banks, domestic fintechs and even non-bank businesses offering a full range of white-labelled banking services to institutions that are migrating to digital. Through its services, Netbank enables Filipino fintechs to scale, supports overseas fintechs to rapidly bring their products to the Philippines, and aids traditional lenders by providing digital financial services to their customers. ....

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Mastercard welcomes NEC Payments


Mastercard welcomes NEC Payments
MANAMA, 2 hours, 51 minutes
ago
Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. 
 
The programme supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate through collaboration.
 
The partnership will enable other fintech players to start their Mastercard issuing business at speed, unlocking more opportunities for the entire ecosystem. NEC Payments is the first Fintech Express partner globally, bringing new scale to the possibilities and potential for start-ups. ....

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Financial companies have to be seen as innovators, Mastercard experts say


Financial companies have to be seen as innovators, Mastercard experts say
rohma@khaleejtimes.com
Filed on May 26, 2021
The value of the global fintech market will rise from $127 billion in 2018 to $310 billion in 2022
Research showed that global fintech investment in 2019 stood at $35.4 billion
Financial institutions need to be able to keep up with the rapid pace of change that is happening across the industry today, and be seen as innovators, experts from Mastercard said at an event on Wednesday.
Rohit Gupta, head of Regional Products, Managed Services, Mastercard, spoke about Industry 4.0 and how it is a technical revolution that will blur the lines between the physical, digital, and biological spheres. ....

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