Mastercard Announces the Partnership with Banking Tech Zeta

Zeta, a banking tech unicorn and provider of next-gen credit card processing to banks and fintechs, and Mastercard announced a 5-year global partnership. As part of the agreement, the firms will go-to-market jointly to launch credit cards with issuers worldwide on Zeta's modern, cloud-native, and fully API-ready credit processing stack. Mastercard has underscored the partnership by making a financial investment in Zeta.

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"With Zeta's next-gen credit card processing platform, we are fundamentally rewiring how issuers launch credit card programs by offering new paradigms over legacy mainframe systems,"said Bhavin Turakhia, co-founder & CEO of Zeta."In Mastercard, we have a partner that is committed to undertake this journey with us and truly believes in this mission."

With Mastercard's support and the integration of its capabilities in digital issuance, fraud and risk, loyalty solutions and more, Zeta aims to take the credit card processing industry from the age of fragmented, multi-vendor systems to an age of nimble, composable, single vendor systems that are truly responsive to changing cardholder needs and preferences.

With both partners pre-configuring key capabilities behind the scenes, issuers will now be able to launch cards much faster, making it easier than ever to rapidly design and launch flexible, highly customizable card programs.

"As people shop and bank online more than ever before, Mastercard is partnering with Zeta to provide issuing banks and fintech innovators with modern credit card processing capabilities at scale that will maximize the safety, security and convenience of e-commerce, online banking, and contactless transactions,"said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard.