Mastercard Teams Up with Fintech Startups to Accelerate Digital Payment Solutions — TradingView News

Mastercard has launched a new program to promote collaboration with startups worldwide seeking to expand digital payments. Dubbed the Start Path Acceptance program, this initiative allows Mastercard to engage with fintech experts through strategic partnerships to address crucial challenges within the digital economy.

Mastercard Teams Up with Fintech Innovators

The payment giant’s global acceptance footprint has experienced remarkable growth, doubling in the past five years to encompass over 3.3 billion cards. Mastercard is engaging with fintech experts through strategic partnerships to address crucial challenges within the digital economy.

“The inaugural Start Path Acceptance cohort is comprised of startups that are driving innovative solutions across a variety of use cases, including creating low-cost solutions for small businesses, enabling non-traditional channel acceptance, and providing holistic business management experiences in payments and beyond,” Mastercard noted.

Six companies, including Cardstream, Gr4vy, Hook, Nearpay, Omniretail, and Tazapay, have joined the Start Path Acceptance program so far. These startups focus on creating low-cost solutions for small businesses, enabling non-traditional channel acceptance, and providing comprehensive business management experiences within the payments sector and beyond.

Mentorship and Collaboration

Throughout the four-month program, participating startups will benefit from hands-on mentoring, collaboration opportunities, and access to Mastercard’s extensive global network of banks, merchants, and digital players.

According to Mastercard, this collaborative environment fosters innovation and allows startups to refine their solutions while contributing to Mastercard’s payments strategy.

Expect ongoing updates as this story evolves.