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 will initially target fintechs and local disruptors in Singapore, Philippines, and Thailand that are looking to augment 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, according to the company.
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