Mastercard is a leading global payments & technology company that connects consumers, businesses, merchants, issuers & governments around the world.

mastercard's embedded-finance stack

“Can Mastercard transform from a card-network toll collector into the universal multi-rail financial infrastructure layer—owning open banking data, cross-border money movement, network-level BNPL, and cybersecurity intelligence—across the entire payments ecosystem?”

7 layers disclosed

Payments / PSP
Mastercard Payment Gateway Services (MPGS) (self-operated), Mastercard Network (self-operated)
Card network
In the Index's full report
Lending
In the Index's full report
Insurance
In the Index's full report
Open banking
In the Index's full report
KYC
In the Index's full report
FX & payouts
In the Index's full report

8 more providers across 6 layers are in the Index's full report.

Full profile on the Embedded Finance Index ↗

mastercard as a provider

#2 of 15 in Card Network

325 companies disclose it as a provider, including:

Vendor profile on the Embedded Finance Index ↗

Who uses mastercard

325 companies disclose mastercard in their embedded-finance stack, ranking it #2 of 15 in Card Network.

By segment

  • Fintech34%
  • Bank26%
  • Infrastructure20%
  • Vertical SaaS9%
  • Horizontal SaaS6%
  • Marketplace3%
  • Other2%

By region

  • US83
  • EU70
  • Africa42
  • LATAM41
  • UK31
  • APAC18
  • MENA17
  • Canada13

Used for

  • Card Network317
  • Card Issuing6

Often used alongside

  • Visa 50%
  • American Express 10%
  • Stripe 10%
  • Plaid 5%
  • Discover 5%
  • Verve 5%
  • Adyen 5%
  • Backbase 5%

Share of mastercard's customers that also disclose each provider.

See all 325 customers on the Embedded Finance Index ↗

From the Embedded Finance Index, which maps the providers behind each company's embedded-finance products from public disclosures.

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