Marqeta is a card issuer that uses open APIs.
It's valued at $4.3bn following its latest funding round.
The two companies have already worked together for about six years.
The investment comes as part of a wider agreement involving Mastercard and Marqeta partnering across several regions. They aim to help FinTechs bring new payment solutions to market.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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