Magnati joins Mastercard’s Fintech Express program

By Leandra Monteiro

Magnati, a regional leader in the payment solutions industry, has joined the Mastercard Fintech Express program, which helps FinTech companies issue cards and credentials. Mastercard connects start-up companies with financial institutions such as banks to offer tailor-made solutions, adaptable licensing frameworks and a single contact point for regional FinTechs to accelerate card program launches.

Through this partnership, FinTechs will be able to access the full range of processing and trading solutions Magnati provides to customers through its Payment as a Platform offering. Magnati is also a qualified partner in Mastercard Engage, which enables FinTechs looking for payment solutions to engage quickly and seamlessly with Magnati and lets them embark on new solutions and innovate quickly.

Ramana Kumar, CEO of Magnati said: “Fintechs has emerged as a driving force for innovation in the region. At Magnati, we want to support their progress with tailor-made solutions that help them leverage the payment function to achieve accelerated growth. We are pleased to join Mastercard’s Fintech Express program as a Qualified Engage Partner, in a move that will empower startups by connecting them to the right opportunities for expansion. “

Kazim Kirmani, MD and Head of International Operations at Magnati said: “Magnati’s commitment to improving the payment ecosystem will be boosted by this partnership. Through the program, we will continue to offer the same market-leading products to drive fintech’s payment infrastructure, but with the ability to reach a wider audience and take effect quickly. We are happy to partner with Mastercard to offer next-generation fintech solutions. “

JK Khalil, Cluster General Manager, MENA East, Mastercard said: “Mastercard is constantly working with our partners to support start-ups in their digital transformation journey. We are pleased to welcome Magnati as an Engage Partner in our Fintech Express program, while continuing to help startups scale in speed, so that they can focus on delivering innovative products and solutions that drive the digital economy. “

Mastercard Fintech Express is one of many FinTech offers within the Mastercard Developers portfolio. Mastercard Developers offers the services and tools FinTech innovators need to iterate at every step of the journey, transform bold ideas and achieve scale at a fast pace. The portfolio includes solutions, API platform, partner networks, startup programs and Fintech communities.