Zum Rails, an all-in-one instant payments ecosystem and embedded finance provider, has partnered with Mastercard, a global payments technology company, to roll out a new suite of prepaid card programmes in Canada.
The collaboration aims to transform how businesses manage money by offering reloadable prepaid cards that deliver seamless expense management, faster wage access, consumer rewards, and real-time disbursements, according to FF News.
The goal is to empower companies and their customers with greater control over funds through speed, security, and flexibility.
Zum Rails provides an embedded payments infrastructure designed to help businesses move money quickly and securely. Its platform enables enterprises to integrate smarter, faster payment solutions into their operations, reducing complexity while enhancing customer experiences.
Mastercard operates one of the world’s most extensive global payment networks, connecting consumers, businesses, and financial institutions across more than 200 countries. Its technology supports secure, real-time transactions and enables new digital finance solutions for businesses and individuals.
The new prepaid card programmes are powered by Mastercard and fully managed by Zum Rails, covering onboarding, compliance, transaction processing, and customer support. Businesses can brand the reloadable cards with their own identity and fund them instantly through Zum Rails’ infrastructure.
The collaboration will also help businesses extend brand reach, strengthen customer loyalty, and unlock new product verticals. By leveraging Mastercard’s global network, Canadian businesses can offer modern payment solutions aligned with evolving customer needs.
The prepaid card offerings are designed for multiple use cases, including corporate expense management, near real-time employee or contractor payouts, and branded consumer experiences such as credit-building tools for underserved customers.
Zum Rails CEO and co-founder Miles Schwartz said, “At Zum Rails, we believe money should move at the speed of business, and we’re making it easier for businesses to embed smarter, faster payments into their operations. With our Mastercard powered prepaid card programs, companies could now offer branded, reloadable prepaid cards that move money in near real time without the complexity of traditional infrastructure.”
Mastercard senior vice president & group head, market development & digital partnerships, Canada, Balinder Ahluwalia said, “Mastercard is proud to support Zum Rails in delivering modern, embedded payment solutions that meet the evolving needs of Canadian businesses. Together with Zum Rails, we’re helping companies unlock new ways to move money and serve their customers.”
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