PURCHASE, N.Y.—Mastercard and Scale said they have entered into a partnership aimed at simplifying simplify the launch of payment programs for fintechs, PSPs, and telecom operators.
According to the organizations, the initiative aims to enhance financial inclusion, boost digital financial services, and drive economic growth by reducing cash transactions.
“The objective of this collaboration is to allow companies to focus on their core business by offering them simplified solutions to launch new financial products and services,” Born2Invest reported. “Mastercard, leveraging its market expertise, and Scale, with its understanding of the fintech landscape, will provide assistance in securing BIN sponsorships, designing card programs, and evaluating profitability models.”