Marqeta has announced a new new partnership with Credi2 that is poised to reshape European bank offerings through an end-to-end instalments platform.
The collaboration will see the launch of the innovative solution which is specifically tailored to meet the surging demand for flexible and seamless digital payment experiences.
This strategic move caters to the growing need for flexibility in payment options for cardholders across Europe. The primary goal is to seamlessly integrate instalment capabilities into applications, expediting the creation and launch of new payment offerings for banks.
It is hoped this will amplify cardholders flexibility, enabling the use of instalment payments both online and in-store.
The integration of Credi2’s platform for loan originations and account management with Marqeta’s modern card issuing platform, developed in collaboration with Visa, is set to empower banks to swiftly build flexible payment card programs. This will in turn streamline the issuance and processing of virtual cards, allowing banks to introduce end-to-end instalment solutions to debit and credit cardholders efficiently.
Marqeta stands as a global leader in modern card issuing platforms, facilitating innovative embedded finance solutions worldwide. On the other hand, Credi2 focuses on empowering banks with an end-to-end instalments platform, leveraging vast experience in working with major banking and Buy Now, Pay Later (BNPL) players across Europe.
Christian C. Waldheim, Co-CEO, Credi2, said, “We’re proud to partner with Marqeta to offer more flexible checkout options for cardholders in Europe, leveraging both of our experiences working with some of the largest banking and BNPL players in Europe. Together with Marqeta, we’re enabling our customers to seamlessly integrate instalment capabilities directly into their applications, managing the heavy lifting of creating new payments offerings and bringing them to market much faster than legacy solutions.”
Todd Pollak, Chief Revenue Officer, Marqeta, stated, “Launching new payments solutions is incredibly time consuming and complex, not to mention the stakes are incredibly high when dealing with stringent regulatory requirements and cross-border payments. With Marqeta and Credi2, our bank customers will be able to focus on creating a delightful experience for their customers that gives them greater flexibility, while we navigate the complexities on the backend. We’re proud to work with an innovative partner like Credi2 to bring more banks to the forefront of innovation in BNPL.”
Federico Sanavio, Head of Credit Products Solutions & Partnerships Europe, Visa, added, “Consumers seek a highly personalised, intuitive, and seamless payment experience that caters to their individual needs. The combination of Marqeta’s modern capabilities with the existing white-labelled instalment solution developed by Credi2 in partnership with Visa, will empower financial institutions to meet these changing needs of their customers through modern and flexible propositions on cards. All whilst enabling an embedded finance ecosystem.”
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