Mastercard expands digital card issuance across Europe

The announcement underlines the organizations’ commitment to digitalizing payments and delivering significant efficiencies and benefits to businesses

Mastercard CleverCards

Mastercard expands digital card issuance across Europe. Source: pexels.com

Mastercard and CleverCards have signed a strategic partnership to expand the usage of digital cards across Europe. The deal comes as CleverCards also joins Mastercard’s Fintech Express program.

That would propel CleverCards to simplify the payments value chain across Europe to enable anyone, anywhere, anytime to be paid instantly by businesses.

Besides, CleverCards will leverage Mastercard’s core digital platform, Digital Enablement Service, and integrate Mastercard processing and services capabilities into their platform.

According to the report, CleverCards’ technology simplifies the payments value chain. It enables businesses to bypass several intermediary card issuing processes and instead easily send a digital prepaid Mastercard card directly to an email address or mobile phone number.

The recipients of the digital card can instantly spend their funds online or in-store using digital wallets, such as Google Pay, Samsung Pay, and Apple Pay, to make secure contactless payments.

The 2020 landscape saw the shift to digital payments accelerated for both online and in-store via contactless. As the European partner of choice for leading fintechs, we are proud to help them play a significant role in driving this shift towards digital economies. To that end, we are delighted to take our alliance with CleverCards to the next stage
Jason Lane, Executive Vice President, Market Development Europe, Mastercard

We’ve reported that the first Sudanese bank will obtain Mastercard license.

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