Card issuing platform Marqeta (NASDAQ:MQ) today announced that its payments platform is now certified in Singapore, Philippines, and Thailand, expanding its global reach to 39 countries globally
With new certifications in Singapore, Philippines and Thailand, Marqeta’s platform is now enabled in five countries in the Asia Pacific region, having announced its Australian office and supporting its first customers in New Zealand in 2021. The company plans to establish Singapore as its Asia Pacific regional hub, building a broader team to support the region in 2022.
“Marqeta is a single, global platform, allowing our customers to build once and launch anywhere,” said Vidya Peters, Chief Operating Officer at Marqeta. “We’re constantly assessing where our customers are looking to launch, and what markets hold the most immediate potential for our technology. We’re excited to support new card programs in these new markets and to enable our customers’ global expansion ambitions throughout 2022.”
Marqeta will initially target fintechs and local disruptors in Singapore, Philippines and Thailand that are looking to transform payments by creating digital-first, seamless customer experiences. These new markets have a common commitment to improving payment infrastructure, with a focus on interoperability between countries, making them a good fit for Marqeta’s modern card issuing technology.