Mastercard is expanding its Engage partner network to support blockchain innovation and the Web3 economy. The network aims to facilitate the launch and scaling of products related to digital assets, including crypto card programs and crypto to fiat conversion capabilities. By joining the network, partners gain access to Mastercard’s global network, expertise, technology, and resources.
Facts
- Mastercard is introducing a new track within its Engage partner network to enable businesses to quickly launch and scale products for the Web3 economy.
- The expanded Engage partner network will focus on digital assets and aims to identify partners that can help bring new crypto card programs to market and provide crypto to fiat conversion capabilities.
- Last year, over 150 Engage partners utilized Mastercard’s products and services to deploy innovative solutions on more than 500 million accounts.
- The benefits of joining Mastercard Engage can be categorized into two areas: becoming a partner or finding a partner. Issuers, BIN sponsors, payment ecosystem enablers, Virtual Asset Service Providers (VASPs), and processors can become partners. Companies and digital asset innovators seeking partnerships to launch and scale their offerings can find suitable partners through the network.
- Mastercard aims to co-innovate across the industry to enable access to crypto and blockchain technology, providing more choices in payments and commerce.
- The following enablement partners are joining Mastercard Engage to drive blockchain innovation: Baanx, Credencial Payments, Episode Six, Immersve, Monavate, Moorwand, PayCaddy, Paymentology, Pomelo, Swap, and Unlimited. Each partner offers unique services such as global cryptocurrency storage and spending, payment integration, card management platforms, BIN sponsorship, digital banking, compliance services, and financial technology solutions.
- Raj Dhamodharan, executive vice president of Blockchain and Digital Assets at Mastercard, stated that the expanded Engage network empowers players in the digital asset ecosystem and beyond to fulfill their ambitions at scale while benefiting from the safety and security associated with the Mastercard brand.
