Mastercard Selects GPS as Processing Partner in Its Fintech Express Programme

Global Processing Services (GPS), a leading payments issuer processor, announced that it has been selected by Mastercard, a pioneer in global payments and technology, as its processing partner in its Fintech Express Programme.

The programme helps start-ups launch rapidly and expand based on their needs by providing:

· Access: obtaining a Mastercard License and accessing the global payments company's network through a streamlined onboarding process

· Build: becoming an Express Partner by building unique tech alliances and benefitting from all the advantages that Mastercard provides

· Connect: connecting with qualified Express Partners and going live with Mastercard in a matter of days

The programme is designed for fintechs looking to add payment solutions to their suite of products, tech-savvy start-ups looking at serving a new segment, as well as established players with ambitions to innovate through partnerships. Becoming an Express Partner helps brands simplify the launching of payment solutions, shortening the process from a few months to a matter of days. 

Joanne Dewar, Chief Executive Officer of Global Processing Services, commented: "Through its early support of nascent e-money issuance and the use of prepaid, Mastercard has created what we now know as fintech, and what we all believe is pivotal to the future of mainstream payments. Together, we have broken new ground in the fintech space, addressing real world challenges and enabling financial empowerment for everyone – this announcement officially cements our partnership."

Scott Abrahams, Senior Vice President, Business Development & Fintech, UK&I at Mastercard noted: "We have long worked alongside GPS, together enabling the fintech industry to thrive. We are delighted to take our partnership with them to the next level by welcoming them into our Mastercard Fintech Express programme. Our Fintech Express programme enables leading innovators such as GPS to scale at speed, cementing our position as the partner of choice for fintechs across Europe."