Following the announcement, the Slope Card will enable businesses to pay in-store or online with 30 or 60-day loan options, as well as allow for increased flexibility and choice in the manner in which they make transactions and manage their finances.
In addition, both companies will continue to focus on meeting the needs, preferences, and demands of clients and customers in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
According to the official press release, Slope chose Marqeta to power its Slope Card because of its single, secure, and trusted platform, as well as its proven expertise in powering scalable card programs for multiple businesses in the BNPL space. By integrating with Marqeta, Slope will enable its customers to make in-store purchases when needed and spread payments over time, a process that will enhance cash flow and allow for faster access to working capital.
At the same time, Marqeta’s technology is set to simplify the process of launching card programs, giving companies the possibility to put their brands front and center, as well as provide the embedded, mobile payment experiences today’s consumers expect. With the use of flexible APIs, Marqeta will also deliver control and security, enabling real-time card issuance and transaction monitoring, as well as simplified financial management. This will allow businesses to focus on optimising client experiences and accelerate their development process in the financial landscape.
Furthermore, both companies aim to drive a transformative approach to financial management, providing firms with the capability to access working capital when they need it the most, easily and securely.
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