Inswitch and Mastercard International are partnering to launch embedded payments and cross-industry issuing programs
MIAMI, 29 September 2022 /PRNewswire/ — Inswitch, a fintech technology company focused on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered to design and deliver digital payment solutions and issuance programs starting with select countries across LAC.
Inswitch will start issuing cards as a principal member of Mastercard Mexico, with plans to rapidly expand into key markets in LAC and other regions in the future. This collaboration will allow the company to expand its value proposition by offering digital and physical Mastercard-branded cards for a wide range of applications across industries: “Now our customers can issue branded cards to support different applications: digital wallets, Buy Now, pay later, vendor payments, working capital for business expenses or cash handling necessities; among others,” said Ronald AlvarengaInswitch’s CEO.
In addition to the issuance program, Inswitch and Mastercard will work together to integrate their respective assets and solutions offering an agnostic platform that supports different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Through this strong collaboration, Mastercard and Inswitch are in a position to deliver a robust turnkey solution in several verticals such as e-commerce, retailers, CPGs. Banks, Gig economy among others.
Inswitch solves two pressing problems for companies moving to the digital world: it provides a diverse payment infrastructure to accelerate the transformation to e-commerce; and innovation beyond payments with a full digital wallet and banking platform; so any company can build and launch financial services quickly, reliably and worldwide. In addition to providing an all-in-one platform for payments and banking, and a superior user experience; Inswitch will provide Mastercard and its customers with strong management tools to manage their business, including reporting, analytics, white label channels, automatic settlements and reconciliations.
“We are very pleased to have Inswitch as a Mastercard issuer Mexico to integrate issuing functions and extend the value proposition to all B2C and B2B clients for Inswitch and Mastercard. Inswitch is a company that combines payments, core banking and issuance products into a single stack, enabling any company to develop and launch financial services in multiple markets. Pablo CuarónVice President Fintech & Enablers for Mastercard Mexico and Central America.
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About Inswitch:
Switch is a global integrated financial technology company that helps businesses rapidly enable digital financial services through its omnichannel 360 Fintech-as-a-Service platform.
Since 2002, Inswitch has implemented more than 100 platforms in 30 countries i Latin America and The Caribbean. In addition, Inswitch has processed over USD 9 billion in total payment volume for more than 80 million users.
About Mastercard
Mastercard is a global technology company within the payment industry. Our mission is to connect and drive an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, easy, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside the company. With connections across more than 210 countries and territories, we are building a sustainable world that opens up invaluable opportunities for all.
Website –
LinkedIn – @Inswitch
Twitter – @inswitch
CONTACT: Liber Fernandez – Chief Commercial Officer at Inswitch, +598 99 666 470, [email protected]
SOURCE switch
