Product Express has now enabled fintechs in Africa, the Middle East, Europe, and North America to launch a card program in as little as 15 days, following the successful launch in Latin America earlier this year *
Mastercard Product Express is specifically tailored to meet the requirements of fintechs, facilitating the innovation required to satisfy their customers and reducing their time to market by offering them the tools, resources, and partners necessary for launch and scaling.
The platform enables fintechs to effortlessly identify the product that most effectively fulfills their requirements, select plan-certified partners who are prepared to implement the plan, such as those with pre-approved card designs and live BINs, and monitor progress in full transparency across all steps that must be completed by all parties. This enables them to significantly reduce the time to market by enabling fintechs to initiate card programs in as little as 15 days* through the platform. The platform also enables partners to provide exceptional experiences, thereby assisting their fintech consumers in thriving in a competitive market. Mastercard has integrated BIN Sponsors, Processors, and Program Managers, including Blusalt, Epiisode Six, FOO, Giftstarr, i2c Inc., Nymcard, Optimus, Paymentology, and Wema Bank, into the platform within the first year of its debut.
In addition to the issuance of cards, Product Express will shortly offer a straightforward, efficient, and transparent onboarding process for supplementary solutions that facilitate the acceptance of global payments. This encompasses a variety of global acceptance solutions and enterprise payment solutions through Mastercard Gateway, which provides a solitary connection to assist clients in accepting payments globally and expanding into new markets more efficiently.
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Industry Comments
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.”
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.”
FAQs
1. What is Mastercard Product Express, and how does it help fintechs?
Mastercard Product Express is a platform tailored to help fintechs quickly launch and scale card programs. It offers tools, resources, and pre-approved partners, enabling fintechs to select the best solutions, monitor progress transparently, and reduce time to market. Programs can be launched in as little as 15 days, supporting fintechs in delivering innovative solutions to their customers efficiently.
2. Which regions can now benefit from Mastercard Product Express?
Initially launched in Latin America, Product Express has expanded to Europe, North America, Africa, and the Middle East. This broader reach allows fintechs across these regions to access Mastercard’s streamlined tools and resources, accelerating the launch of their card programs.
3. How does Product Express simplify the card issuance process?
Product Express connects fintechs with integrated partners, including BIN sponsors, processors, and program managers such as i2c Inc., Paymentology, and Wema Bank. These partnerships ensure access to pre-approved card designs, live BINs, and efficient implementation, enabling seamless and transparent program launches.
4. What future offerings will Product Express include?
Product Express will soon provide simplified onboarding for global payment solutions. Through Mastercard Gateway, fintechs can access enterprise payment solutions and tools for global payment acceptance, enabling them to expand into new markets with ease and efficiency.
Conclusion
Mastercard Product Express exemplifies how innovation and collaboration can redefine the fintech landscape. By enabling fintechs to launch card programs in as little as 15 days, Mastercard provides a robust platform that not only reduces time to market but also empowers fintechs to thrive in a highly competitive environment.
The expansion of Product Express to Europe, North America, Africa, and the Middle East underscores Mastercard’s commitment to global inclusion and fintech growth. The platform’s integration with trusted partners such as i2c Inc., Paymentology, and Wema Bank ensures seamless implementation, transparency, and scalability.
Beyond card issuance, Mastercard’s forward-looking approach includes expanding Product Express to offer comprehensive global payment solutions. Through Mastercard Gateway, fintechs will gain access to tools that facilitate payment acceptance and market expansion, enabling them to serve a global audience with efficiency and confidence.
This expansion positions Mastercard as a vital enabler of fintech innovation, creating opportunities for financial inclusivity and empowering fintechs to meet evolving consumer demands. For fintechs seeking a faster, smarter route to market, Mastercard Product Express is the gateway to success.
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