The initiative aims to provide a customised set of digital-first products and services to support FinTechs in the region.
In Brief:
- London-based fintech-as-a-service startup Rapyd is the first partner to join the programme.
- Mastercard and Rapyd will be working on issuing cards for the latter’s corporate clients in the region.
- Rapyd provides customised payment solutions to ecommerce firms, gig economy platforms, and tech providers. It has raised $100mn to develop its cloud-based platform and accelerate its growth in Asia Pacific.
What this means
Fintech Express is the latest addition to the Mastercard Accelerate platform, which is designed to simplify the integration of its services into various fintech products globally. Other programmes include Mastercard Engage, Mastercard StartPath, and Mastercard Developers.
