Modulr is now a principal issuing member of Mastercard

15th September 2020 by Frog

Frog portfolio company Modulr has recently been recognised as a principal issuing member of Mastercard

The latest partnership allows the Payments-as-a-Service API platform to immerse itself further into the critical financial infrastructure, improving Modulr’s scalability and functionality, as well as grant it direct access to the leading global payments network. 

The partnership will also expand Modulr’s product portfolio and diversify its options to customers.

Myles Stephenson, CEO of Modulr, says, “Gaining even further direct access to key financial infrastructure, such as the Mastercard network, enables us to have even greater control and to further enhance our delivery of fast, simple and frictionless full payment capabilities to our clients. Granting access to non-banks such as ourselves also helps to create a level playing field and promotes positive competition in the sector.

Meanwhile, Head of FinTechs at Mastercard Edoardo Volta announces, “We look forward to working with Modulr as they enable innovation across payments by expanding their product portfolio, which will allow even more businesses across the UK and Europe to benefit from Mastercard products, driven by Modulr’s powerful payment solutions.”

You can read more about this announcement on Modulr’s website here.

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