Marqeta Partners with Deloitte to Accelerate Payment Modernization

Marqeta, the global modern card issuing platform, has formed a strategic alliance with multinational consultancy Deloitte to provide innovative payment solutions, accelerating the modernization of payment for banks, fintechs, and payment service providers.

With the alliance, Marqeta will combined benefits of Deloitte's payments expertise and consulting services, including digital transformation, strategy and operations, and analytics, with Marqeta's API-driven platform to enable customers to realize seamless and customized payment experiences, catering the increasing needs of customers.

Simon Khalaf, Chief Product Officer at Marqeta, commented on the collaboration: "Deloitte is a trusted name in the payments and banking ecosystem, and we're proud to announce this new strategic alliance to help us reach even more innovators. By collaborating with Deloitte, we can bring joint go-to-market solutions to life for customers that are seeking to enhance their offerings through payments."

Zachary Aron, principal, Deloitte Consulting LLP, and U.S. banking and capital markets payments leader, added: "The future of payments is digital modernization, and we are focused on advising our clients on ways to engage in a strategic, regulated and compliant way. We believe this alliance with Marqeta will further drive business growth for Deloitte and will help our clients deliver innovative payment experiences to their customers."

The card-issuing platform has been looking to expand its business by partnering with large financial services and technology companies. Last month, Marqeta integrated Mastercard​ Track™ Instant Pay, a next-generation virtual card solution, to accelerate payment processing.