Mastercard, one of the largest payments companies in the world, has expanded what it calls its Accelerate fintech portfolio, bringing in more people and partners to its “engagement program” called Start Path, as well as its Engage network, which has its own set of partners and users.
The goal here is to ensure its partners can expand into the new developments in the fintech space, such as blockchain and cryptocurrency. This allows all groups to diversify their business in a good way, and ensure it can stay ahead of the game in the payments space.
Speaking on the matter is Ken Moore, the Executive Vice President and Head of Mastercard Labs, who said:
“With the dramatic shift towards digital payments, the rise of open banking and the growth of blockchain and cryptocurrencies, there’s never been a more exciting time to be an innovator in fintech. Mastercard is thrilled to partner with some of the world’s most innovative startups to transform the future of commerce.”