Paycast Partners With Marqeta and Mastercard For New Marketplace Payment Solution

Key Facts

LONDON--()--Marqeta (NASDAQ: MQ), the global modern card issuing platform, Mastercard (NYSE: MA), a leader in global payments, and Paycast (an SPG Company), the marketplace payment engine, announced today a collective partnership to power and launch a digital card product to offer faster and more convenient ways for marketplace sellers to get paid and do business.
Mastercard continues to invest in its expansive developer platform, Mastercard Developers, to be the partner of choice for fintech innovators across Europe, taking a relationship, technology-led and mission-aligned approach to partnering with fintech companies.
“We’re excited to support the launch of Paycast, which we think will be an important new payment tool for online marketplaces,” said Ian Johnson, SVP and Managing Director at Marqeta Europe.
About Paycast Paycast exists to level the playing field for marketplaces and their sellers, with the ability to accept any value or volume of payments, hold money in escrow based on bespoke transactions conditions, and payout to any number of sellers, fast.