Mastercard announced that it is including open banking services to its “Engage” partner network. As a result, technology partners can access Mastercard’s open banking infrastructure for use cases ranging from lending to payments and financial management.
<ul><li>Through the partner network, Mastercard users can also access several tech partners to build and deploy open banking solutions. Initial partners include several fintech infrastructure providers, including Dwolla , i2c , Synctera , and Nova Credit. In addition to accessing Mastercard’s open banking tech, partners will also benefit from fewer contracts, faster access to customers, and better data security and access.</ul>
Mastercard is a global payment and card services company that enables safe transactions for consumers, small and medium businesses (SMBs), large enterprises, and governments. MasterCard supports transactions in around 150 currencies with over 35 million acceptance locations (point-of-sale and online) across 210 countries. The company operates the Engage partner network, which has had nearly 150 partners joining since 2018.
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