FinTech Alliance company Modulr is joining Mastercard’s global payments network.
Modulr will be embedded into Mastercard’s infrastructure.
It aill gain access to Mastercard’s network across the world.
It will also add speed to market and scalability to Modulr’s offering.
What does this mean?
In partnering with Mastercard, Modulr plans to expand its portfolio of products. CEO Myles Stephenson says the business aims to accelerate payments innovations across the industry. It will also allow the FinTech to enhance its delivery capabilities to clients. Stephenson has praised Mastercard for working with FinTechs to help “create a level playing field” in the sector.