Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, has been selected to join the Mastercard Engage Programme for its instalments solution in Europe.
The partnership arises from the increasing demand for buy-now-pay-later (BNPL) solutions amid a challenging economic environment and stringent regulatory requirements in the instalments market. Customers facing growing financial pressures are seeking flexible payment options, such as the ability to split payments into smaller, more manageable instalments.
Episode Six offers a flexible, cloud-native TRITIUM platform, enabling incumbent issuers to launch modern instalment solutions like BNPL without disrupting their existing services. This capability allows traditional issuers to offer these solutions to banks, thus creating new revenue streams and providing customers with tailored instalment offerings.
Mastercard Engage simplifies the process for partners to develop, launch, and expand payment solutions within Mastercard’s extensive global customer network, fostering quicker product innovation. The programme encompasses a variety of partners, each contributing unique components and integration capabilities to facilitate seamless payment experiences.
By joining the Mastercard Engage Programme, Episode Six aims to leverage this platform to strengthen its instalments offering, making it more suitable for financial institutions. This move is expected to provide a seamless, digital-first instalment lending experience that meets the evolving needs of customers and financial institutions alike.
Episode Six CEO & co-founder John Mitchell said, “We’re delighted that Mastercard has decided to include Episode Six’s payments technology on its Mastercard Engage platform.
We have strengthened our instalments offering to make it fit-for-purpose for financial institutions, providing a seamless, digital-first instalment lending experience that addresses the needs of their customers. Our inclusion in the Mastercard Engage platform reinforces our commitment to revolutionize the payment landscape and address the evolving needs of the market.”
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