Financial technology organization FinTech Wales announces Mastercard as its latest alliance
Mastercard Joins Forces with FinTech Wales to Fuel Fintech Growth in Wales
Mastercard, a global leader in payments and technology, has partnered with FinTech Wales, a collective voice for the fintech industry in Wales. This partnership reflects Mastercard's commitment to supporting innovation and strengthening the UK's fintech ecosystem [1].
FinTech Wales, launched in April 2019, aims to make Wales a world leader in the global fintech community. By collaborating with all sizes of entities, it seeks to drive meaningful change in the fintech industry [2]. With Mastercard's extensive experience in financial services, the organization's membership base will benefit from invaluable insights [3].
Mastercard's partnership with FinTech Wales involves working with key stakeholders, including policymakers, regulators, startups, and scaleups. This collaboration is intended to foster innovation and accelerate the growth of the fintech sector in Wales [2].
In addition to this, Mastercard supports early-stage and scaling fintechs with access to its global network. It provides advanced technology and deep industry expertise to help fintechs shape the future of payments [4].
Mastercard's role in FinTech Wales extends beyond the fintech sector. The company is also engaged in grassroots community initiatives, such as a three-year sponsorship deal with the Llanfairpwll football club. This sponsorship promotes Mastercard's "Click to Pay" technology—a faster and safer online payment solution aimed at simplifying digital transactions [1][4].
In summary, Mastercard's partnership with FinTech Wales serves several purposes:
- Serving as a corporate partner supporting fintech innovation and growth in Wales.
- Providing technology, investment, and global network access to Welsh fintech startups and scaleups.
- Collaborating with multiple sector players to shape the future of payments in Wales.
- Promoting and implementing advanced payment technologies like Click to Pay at both grassroots and commercial levels within Welsh communities [2][4].
Mastercard joins FinTech Wales' 180-strong membership community, demonstrating a shared ambition to collaborate and drive meaningful change. The new partners include Admiral, Barclays, Aviva, Starling Bank, Hodge Bank, Principality and Monmouthshire Building Societies, Confused.com, Go.Compare, The Royal Mint, Veeqo, Future Finance, and now Mastercard [5]. This partnership signifies Mastercard's commitment to shaping the future of fintech in Wales.
References: [1] Mastercard to sponsor Llanfairpwll football club. (2021, March 15). Retrieved from https://www.bbc.co.uk/sport/wales-football/56402451 [2] Mastercard joins FinTech Wales. (2021, March 16). Retrieved from https://www.fintechwales.com/news/mastercard-joins-fintech-wales [3] Mastercard Partners with FinTech Wales to Support Welsh Fintech Ecosystem. (2021, March 16). Retrieved from https://www.finextra.com/pressarticle/89294/mastercard-partners-with-fintech-wales-to-support-welsh-fintech-ecosystem [4] Mastercard's Click to Pay technology. (2021, March 16). Retrieved from https://developers.mastercard.com/solutions/checkout-solutions/checkout-apis/checkout-api/checkout-api-overview [5] FinTech Wales' 180-strong membership community. (2021, March 16). Retrieved from https://www.fintechwales.com/membership
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