Marqeta has teamed up with Western Union, global leader in cross-border, cross-currency money movement and payments, to integrate its solution into Western Union’s next generation real-time multi-currency digital wallet and digital banking platform in Europe. Marqeta’s modern card issuing platform will allow Western Union’s entire remittance service to be offered online, with funds disbursed to a physical or virtual Visa card. This will enable Western Union to extend its relationship with its customers, creating a new banking experience by connecting cards to Western Union’s new digital payment platform. Marqeta’s open API card issuing platform will allow Western Union to manage the complex payment card issuing and processing workflow and give Western Union real-time insights into its customers’ card activity. By integrating with Marqeta, Western Union will be able to deliver a seamless payment experience to its digital banking customers that can be replicated and customised easily across international markets. This flexibility also enables Western Union to extend its features as needed, opening the door to the delivery of a wide range of digital banking services for Western Union customers in the future.
Western Union connects millions of consumers to their families and loved ones, as well as to the world economy, across more than 200 countries and territories and in over 130 currencies. The company has a truly diversified omni-channel offering, bridging the digital and physical worlds with a global retail agent network consisting of hundreds of thousands of locations, combined with one of the largest cross-border, person-to-person digital global networks, reaching billions of bank accounts, as well as millions of digital wallets and cards. Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 39 countries globally.