Mastercard has joined forces with fintech Inswitch to launch embedded payments and issuing programmes across industries in Latin America.
Embedded banking and payments player Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand to other Latin American markets.
Ronald Alvarenga, CEO, Inswitch, says: "Now our clients can issue branded cards to support different use cases: digital wallets, Buy now pay later, supplier payments, working capital for corporate expenses or cash management necessities; among others."
In addition to the issuing programme, Inswitch and Mastercard will work together to offer an agnostic platform supporting different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business.
Pablo Cuaron, VP, fintech and enablers, Mastercard Mexico and Central America, says: "We are very excited to have Inswitch as a Mastercard Issuer in Mexico to integrate issuing capabilities and extend the value proposition to all B2C and B2B clients for Inswitch and Mastercard."