This week, Mastercard and Marqeta announced the extension of their global partnership to new locations, Oracle announced its collaboration with SWIFT, and Visa joined hands with Stripe to provide Visa Payables Automation.
Mastercard Expands Partnership With Marqeta
MastercardOpens a new window and Marqeta, a global modern card issuing platform, have announced their extended global partnership to new locations. The companies are providing open access to new products and launching additional card programs together. As part of the partnership, Mastercard will help Marqeta’s international expansion by streamlining its global network certification process.
Oracle Brings Frictionless Cross-Border Payments With SWIFT
OracleOpens a new window announced that Oracle Banking Payments will now support SWIFT’s service to make global cross-border payments fast, easy, predictable, and frictionless for small and medium enterprises (SME) and consumer markets. The integration of Oracle Banking Payments with SWIFT service will enable banks to minimize disruption to customers’ existing technology infrastructure to meet dynamic cross-border payment needs. It will also lower the total cost of ownership.
Visa and Stripe Join Hands For B2B Payments
VisaOpens a new window has joined hands with commerce company, Stripe, to provide Visa Payables Automation, which will allow users to pay suppliers who are unable to accept digital payments through a virtual Visa card. Stripe’s connection will bring all the suppliers onboard who are not connected to the traditional banking infrastructure.
Razer Fintech Brings Prepaid Card for Gamers
Razer FintechOpens a new window , the fintech arm of the global lifestyle brand for gamers, Razer Inc., has brought a new Visa prepaid solution in partnership with Visa – the Razer Card. Users can use the Razer card as a virtual card at no subscription and shift to standard and premium physical cards. Users will get year-long cashback features with no capped limit, a gamified rewards system in-app, and can make payments at over 61 million merchant locations globally, where Visa is accepted.
Finance News: Mastercard Helps Businesses Diagnose Digital Readiness, JPMorgan Chase Initiates Payment Fraud Protection
Mambu Partners With Ranqx, Appoints New Managing Director for ANZ
SaaS banking platform, MambuOpens a new window , announced a partnership with Ranqx to deliver a frictionless digital lending experience, loan origination, and monitoring for small and medium-sized enterprises. In another announcementOpens a new window , the company appointed Kristofer Rogers to the newly created position of managing director for Mambu Australia and New Zealand. Rogers will leverage his 12 years of experience in fintech, open banking, and payments industries to the growth of Mambu in the ANZ region.
Venmo Brings New Credit Card
VenmoOpens a new window , the company that enables users to make and manage payments through their app, announced the launch of its new credit card, which aims to bring simplicity and convenience to payments. The card delivers all the features that Venmo has so far provided, like rewards and a flexible way of maintaining track of payments. Users can manage their finances through the Venmo app.
B2B Fintech Company Tipalti Bags $150M
Payables automation solution provider, TipaltiOpens a new window , has raised $150 million in a Series E funding round. With that, the company has reached a valuation of more than $2 million, and the total funding has come to $280 million. Durable Capital Partners led the funding round with investment from Greenoaks Capital and participation from a current investor, 01 Advisors.
dLocal Expands To Three Markets in Latin America and the Caribbean
Cross-border payment platform, dLocalOpens a new window , announced its expansion to three new markets across Latin America and the Caribbean- Costa Rica, Panama, and the Dominican Republic. With this expansion, dLocal will support 300 local payment methods in 23 emerging market countries, including the top five emerging markets in the world by population.
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