The addition of Mastercard represents one other step in Contis Group’s progress as a world issuer and card processor. All through 2020, Contis delivered towards key milestones in its deliberate growth, together with securing full Brexit readiness by shifting its total EEA client-base to its European entity and migrating one million clients to new cloud-native knowledge centres in London and Amsterdam. Contis has additionally added key performance to the platform together with open banking, worldwide forex conversion, cardless cash supply and request to pay capabilities which, when linked to its UK and SEPA cost accounts, delivers probably the most complete end-to-end BaaS answer. With Mastercard‘s vital presence throughout the EEA and collaborative method to fintech, Contis will additional embed itself into Europe’s vital monetary infrastructure.
This new partnership will allow Contis to carry higher option to the market and complement the vary of services and products supplied in key industrial verticals together with banking, fintech, insurance coverage and company remittance.
Mastercard is the associate of selection for brand new and present fintechs throughout Europe, enabling them to scale at velocity. Mastercard‘s overarching fintech platform – Mastercard Speed up – provides start-ups and rising manufacturers assist and help for each stage of their progress and transformation, from market entry to international growth. Mastercard Speed up is comprised of 4 most important programmes: Fintech Express, Begin Path, Have interaction and Builders.
Peter Cox, Govt Chairman and Founder at Contis Group mentioned: “Contis delivers Europe’s most complete funds BaaS platform. We see this partnership with Mastercard as an essential step on our journey to changing into a number one international issuer and processor. It can allow us to reinforce our providing for prospects and shoppers by bringing extra option to the market, as we ship safe frictionless funds to companies and people throughout Europe and past.”
Scott Abrahams, Senior Vice President. Enterprise Growth and Fintech commented: “At Mastercard we’re happy with our observe file with Fintechs throughout Europe, serving to them to rise to the following degree by sharing our appreciable business experience, know-how and international requirements. We’re delighted to be working with Contis to carry higher selection and value to customers and companies by delivering frictionless experiences and ongoing innovation.”
Platform integration work is beginning instantly, with anticipated go-live on the Mastercard community by Q2 2021.
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Contis is remodeling funds, issuing and processing. We assist corporates, banks, fintechs and insurers unleash their true potential utilizing our confirmed BaaS capabilities. Based in 2008 by Peter Cox, Contis offers award successful, safe, cloud-based, real-time cost options. We allow our shoppers to ship next-generation multi-currency accounts, playing cards and apps to their clients. One of many FT1000: Europe’s Quickest Rising Firms in 2018, 2019 and 2020. We’ve workplaces within the UK, Lithuania and India. Contis advantages from a full licence suite, together with FCA and Bank of Lithuania eMoney Licences which cowl the EEA, and a full UK client credit score licence. Contis is a Principal Visa and Mastercard member with full sponsorship and processing functionality.
For additional info, go to: www.contis.com, and observe us on Twitter @Contis_ & Linkedin Contis_.
Mastercard is a world know-how firm within the funds business. Our mission is to attach and energy an inclusive, digital economic system that advantages everybody, in all places by making transactions secure, easy, sensible and accessible. Utilizing safe knowledge and networks, partnerships and keenness, our improvements and options assist people, monetary establishments, governments and companies notice their best potential. Our decency quotient, or DQ, drives our tradition and all the things we do inside and out of doors of our firm. With connections throughout greater than 210 nations and territories, we’re constructing a sustainable world that unlocks priceless potentialities for all.
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SOURCE Contis; Mastercard