Inswitch, a FinTech focused on embedded solutions for banking and payments, is partnering with Mastercard on digital payment solutions and issuing programs, a press release said.
Inswitch will start issuing cards as a Mastercard principal member in Mexico. It also has plans to expand to other markets later.
The collaboration will come with digital and physical Mastercard cards, allowing for numerous uses in various industries.
And the companies will be working together to integrate assets and solutions, offering an agnostic platform to support various businesses including B2C, B2B and C2B.
The release notes that Inswitch’s services will include a “varied payment infrastructure” to help out with switching to eCommerce, along with other things like a full digital wallet and banking platform, letting companies build quick, reliable financial services.
“We are very excited to have Inswitch as a Mastercard Issuer in Mexico to integrate issuing capabilities and extend the value proposition to all B2C and B2B clients for Inswitch and Mastercard. Inswitch is a company that combines payments, core banking and issuing products in a single stack, that facilities all companies to develop and launch financial services in multiple markets,” said Pablo Cuaron, Vice President Fintech & Enablers for Mastercard Mexico and Central America.
Inswitch also recently teamed with Binance to debut a new service for payments in Latin America through Binance Pay, PYMNTS wrote.
Read more: Binance, Inswitch Roll Out Binance Pay to LatAm Merchants
The features will let Inswitch offer merchants a way to configure everything through its business portal, or make new digital journeys using flexible APIs or other low-code fintech products.
“The partnership between Binance Pay and Inswitch will provide millions of LatAm merchants with intriguing options in crypto space, allowing them to increase revenue by accepting crypto, and enable all companies with a new way to service payments,” the two companies said in a news release Sept. 6.
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