Payment technology platform Global Processing Services (GPS) has announced a new partnership with Mastercard, who has also made a strategic investment into the company for an undisclosed sum. The funding was due to GPS’ strong investment in international expansion and product development with an eye on new and fast-growing verticals where adoption continues to rise including digital banks, crypto, BNPL, open banking and cross border payments. Through GPS’ agile cloud-based technology, fintech’s can access a diverse and expanding suite of modern open APIs that enable organizations to scale at speed. Additionally, fintech’s will also be able to access GPS’s unique ecosystem of international partners.
GPS and Mastercard have worked in partnership to launch and scale hundreds of card programmes for some of the most innovative fintech’s in the world including Revolut, Starling Bank and Curve, amongst many others across Europe and Asia-Pacific.