With new certifications, Marqeta’s modern card issuing platform is now enabled in 39 countries globally, with plans to open a new Asia Pacific regional hub in Singapore in 2022.
Marqeta , the global modern card issuing platform, announced that its payments platform is now certified in Singapore, Philippines, and Thailand, expanding its global reach to 39 countries globally.
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With new certifications in Singapore, Philippines and Thailand, Marqeta’s platform is now enabled in five countries in the Asia Pacific region, having announced its Australian office and supporting its first customers in New Zealand in 2021. The company plans to establish Singapore as its Asia Pacific regional hub, building a broader team to support the region in 2022.
“Marqeta is a single, global platform, allowing our customers to build once and launch anywhere,” said Vidya Peters, Chief Operating Officer at Marqeta. “We’re constantly assessing where our customers are looking to launch, and what markets hold the most immediate potential for our technology. We’re excited to support new card programs in these new markets and to enable our customers’ global expansion ambitions throughout 2022.”
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Marqeta will initially target fintechs and local disruptors in Singapore, Philippines and Thailand that are looking to transform payments by creating digital-first, seamless customer experiences. These new markets have a common commitment to improving payment infrastructure, with a focus on interoperability between countries, making them a good fit for Marqeta’s modern card issuing technology.
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 39 countries globally.
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