Global Processing Services has been selected by Mastercard, the leader in global payments and technology, as its chosen processing partner in its Fintech Express Programme.
As the Paytech Pioneer, GPS is an issuer processor positioned to support fintech, challenger banks, and e-wallet providers in navigating the complex payments ecosystem and supporting growth journeys from the same global platform, with single API integration. By continuing to leverage Mastercard’s expertise, technology, and global network, the partnership will further accelerate the ongoing progress in the global fintech arena.
Launched in June 2020, GPS is already embedded into Mastercard’s Fintech Express programme alongside GPS’ partners which it processes for – Railsbank, a global Banking-as-a-Service (Baas) platform, and electronic money institution, Treezor. The programme helps startups launch and expand based on their needs. The programme is designed for fintech looking to add payment solutions to their suite of products, tech-savvy startups looking at serving a new segment, as well as established players with ambitions to innovate through partnerships.
Joanne Dewar, Chief Executive Officer of Global Processing Services, commented:
“GPS and Mastercard have led the charge in the fintech industry globally over the last decade. Through its early support of nascent e-money issuance and the use of prepaid, Mastercard has created what we now know as fintech, and what we all believe is pivotal to the future of mainstream payments. Together, we have broken new ground in the fintech space, addressing real world challenges and enabling financial empowerment for everyone – this announcement officially cements our partnership.”
Scott Abrahams, Senior Vice President, Business Development & Fintech, UK&I at Mastercard noted:
“We have long worked alongside GPS, together enabling the fintech industry to thrive. We are delighted to take our partnership with them to the next level by welcoming them into our Mastercard Fintech Express programme. Our joint ambitions are to foster payments innovation and further drive the transition to a digital economy, propelling the rapid growth of fintech and providing consumers with greater choice. Our Fintech Express programme enables leading innovators such as GPS to scale at speed, cementing our position as the partner of choice for fintechs across Europe.
