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UBER AND MARQETA ANNOUNCE GLOBAL CARD ISSUING PARTNERSHIP

Marqeta will serve as a global card issuing partner for Uber, providing them with critical financial infrastructure across key verticals. 

 

Marqeta, the global modern card issuing platform, and Uber, the multinational ridesharing pioneer and delivery platform, announced today that the two companies have entered into a strategic global card-issuing partnership. Marqeta is already supporting the global growth of Uber Eats through this new partnership, and will serve as Uber’s card issuing partner for future projects.

 

Uber will rely on Marqeta’s modern card issuing technology as a key part of the financial infrastructure that will support its ecosystem of apps, which have more than 100 million monthly global users. Marqeta’s modern platform helps businesses issue physical, virtual, or tokenized cards while significantly reducing time to market. Uber plans to integrate Marqeta technology across multiple product verticals, and use the Marqeta platform in several major international markets.

 

Uber Eats is now live with Marqeta in the United States, with European expansion ambitions. Following this initial use case, Marqeta and Uber plan to continue their partnership into new verticals and geographies.

 

“A rapid digital transformation is upending everything from how we eat, to how we navigate our cities. As Uber looks to build out a global ecosystem that our users can rely on in all facets of their lives, it was clear we needed a sophisticated card issuing and payments processing partner to reach our true potential,” said Jennifer Vescio, Global Head of Business Development at Uber. “From our earliest conversations with Marqeta we could see that its modern card issuing platform would be a crucial building block for Uber in executing the future. Their single global platform aligns perfectly with Uber’s global scale, and their team is the strongest we’ve seen in the industry.”

 

Uber will make use of Marqeta’s card issuing technology to streamline its payments experiences and create more seamless interfaces throughout its wider ecosystem. Marqeta’s tech will help Uber provide its users with one central payment experience across multiple modes of transit, and help Uber create new efficiencies in its Eats product.

 

“Marqeta’s card issuing platform was designed to meet the needs of product-led innovators and disruptors who would never be satisfied with out-of-the-box, legacy solutions,” said Jason Gardner, Marqeta founder and CEO. “Uber is one of the most innovative companies of the last decade and has a track record of creating magical payment experiences. We’re excited to set out with them on a new global partnership and bring new innovations to market that all of their users can benefit from.”

 

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KASHFLOW AND YAPILY PARTNER TO SUPPORT SMES WITH DIGITAL BOOKKEEPING AND CASH FLOW MANAGEMENT

  • KashFlow continues its mission to provide SMEs and accountancy firms with software that keeps bookkeeping easy to understand and even easier to manage
  • Powered by Yapily, KashFlow will simplify bookkeeping and provide customers with one single source of truth when it comes to their financials; so they can focus on growing their business instead of complex bookkeeping
  • Yapily’s open banking API enables KashFlow customers to connect and access bank account information in near real-time, reducing the time spent on reconciliation

 

KashFlow, by IRIS Software Group, is today announcing it is working with leading enterprise connectivity platform YapilyThe partnership will enable KashFlow customers to gain real-time insight into their cash flow and provide them with a frictionless end-to-end bookkeeping service.

Running a small business is complicated, even before adding the effects of Covid-19 and Brexit into the mix. Business leaders need to be more flexible and adaptable than ever before. Not only enabling their staff to work flexibly, but also in terms of ensuring the critical, but often mundane, aspects of running a business are properly managed during these difficult times. The time for manual bookkeeping processes has gone.

Through partnering with Yapily, KashFlow customers can connect and extract account information all from within the KashFlow portal – providing them with one single source of truth about their business’ financial health. This removes the friction and inefficiencies involved with manual bookkeeping and provides customers with the insight they need to move forward with confidence into the year ahead.

Typically, bookkeeping has been a manual, tedious, but essential, task for business owners.The integration of Yapily’s open banking API enables KashFlow to improve its SME customers’ experience by removing the friction, which speeds up critical processes such as invoicing, reconciliation and payroll. With these critical, but historically complicated, tasks taken care of, business owners are free to focus on what they do best – growing their business.

 

JF Sullivan, Chief Product Officer for IRIS Software Group says, “By partnering with Yapily, our customers now have a far more efficient and secure way to manage their cash flow – which is of utmost importance in this current landscape of uncertainty.

“Yapily’s core infrastructure means KashFlow customers can now control their controllables with ease. Getting a single source of truth about their financial health so they know best how to prepare for what’s ahead. They can now move forward with confidence – and thrive – in the next normal.”

 

Stefano Vaccino, Chief Executive Officer for Yapily says, “Leveraging our technical expertise, we’ve been able to provide KashFlow’s customers – a large number of which are SMEs, critical to the UK economy’s recovery – with a better customer experience and crucial insight into their financial positions. Something that is needed now more than ever with the UK in a second national lockdown.

“Through partnering with KashFlow, we’re continuing our mission to expand the reach of open banking and bring its benefits to all small businesses. We believe open banking enables fairer and better financial services for everyone. We look forward to developing our partnership with KashFlow and IRIS Software Group to fuel greater financial accessibility for their customers.”

KashFlow, by IRIS Software Group, is an innovative online bookkeeping and payroll solution. It provides intuitive cloud-based accounting software for accountancy firms and SMEs, saving business owners both time and effort by letting them manage accounts anytime, anywhere.

The new collaboration further consolidates Yapily’s position as the backbone of open banking and the infrastructure that partners need to take advantage of its benefits.

 

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VIVA WALLET SUPPORTS E-COMMERCE GROWTH THROUGH ITS MARKETPLACE SOLUTION

Viva Wallet’s PSD2-compliant payment solution for online marketplaces removes the requirement for them to become licensed providers of regulated payment services. Viva Wallet is able to handle the streamlined processing of customer transactions through a PSD2-compliant escrow account that sits under Viva Wallet’s license.

 

The rapid rise of online marketplace platforms across Europe, which act as an intermediary for buyers and sellers, has dramatically changed how consumers order takeaway food, call a taxi, rent a room, and so much more. The global pandemic has made marketplace payment solutions even more of a priority for businesses looking to maintain and grow across digital platforms, as customers seek out ways to shop and pay hygienically and friction free. A recent study by Neilsen found that 44% of global consumers now shop online at least once a week, compared to only 9% before the pandemic.i

 

The Viva Wallet solution enables such transactions to be fully PSD2-compliant while ensuring that sellers/resellers using online marketplaces are paid quickly, safely, and transparently. At the same time, Viva Wallet offers APIs for acquiring, issuing and transfers, to improve overall compliance and platform growth.

 

In the era of open banking, integrating a Viva Wallet API on marketplace platforms also offers next-day payment settlements for all sellers, instant commission pay-outs for marketplace owners, as well as customizable checkout systems and payment pipelines, making Viva Wallet’s marketplace solution a particularly easy one to use for sellers and marketplace owners alike.

 

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