Card issuer Marqeta has partnered with FinTech Payfare.
In Brief:
Payfare is a FinTech that offers payout and digital banking for contract workers.
Marqeta’s card issuing platform works across 36 countries.
Marqeta will enable Payfare’s solution to expand into new markets.
What does this mean?
At present, Payfare powers payment and banking services for contract workers. It's hoped that with Payfare’s digital apps and Marqeta’s processing abilities as well as digital reach, the service will be made available to more gig economy platforms around the world.
