Payments FinTech Paymentology has joined Mastercard’s FinTech Express and Engage programmes.
In Brief:
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Paymentology offers cloud-hosted processing to retail and challenger banks alike.
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Mastercard will co-innovate with Paymentology to develop banking technology in Europe and globally.
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Paymentology can now support clients with digital wallets, commercial payments, and improving speed to market.
What does this mean?
The Fintech Express programme is part of Mastercard Accelerate, and tries to give startups access to the global market by supporting each stage of their growth. Mastercard Engage focuses on the growth of FinTechs.
Paymentology CEO Shane O’Hara has commented that the Mastercard programmes will help Paymentology to achieve processing in real time, while removing processing pressure from the bank. He says that Mastercard and Paymentology are “bringing the bank closer to its customer”.
