Marqeta has partnered with Europe’s Raiffeisen Centrobank to power Raiffeisen Digital Bank’s banking experience.
Raiffeisen Digital Bank will offer customers in Poland and Romania a “modern, comprehensive” digital banking experience via digital accounts and debit cards.
Customers will be able to access their accounts through a mobile app, make contactless phone and card payments, and keep track of their transactions.
Raiffeisen Centrobank says it plans to build out its new service on a “fast-tracked” timeline and aims to accelerate rollout of the product to various European markets.
Marqeta makes use of open application programming interfaces (APIs) to provide access to a scalable cloud-based payment infrastructure that enables customers to launch and manage their own card programmes, issue cards, and authorize and settle payment transactions.