Curve and Mastercard Extend Their Partnership
European fintech Curve becomes a principal member of Mastercard
London, UK, - 30 April 2020: Curve, the banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, has today announced a new expanded partnership with Mastercard that sees Curve become a principal member of scheme.
Curve and Mastercard have been working closely together since Curve launched, introducing the world’s first debit card that combines multiple cards into one in 2016.
Becoming a principal member means that Curve is able to work more directly with Mastercard, take control of its own card issuing, and take advantage of a wider range of products and services to enhance their proposition. The announcement also signifies the next important milestone in Curve’s journey to simplify and unify the world of money for people across the globe.
“Mastercard was our launch partner from day one, even before the company had a name and without an innovative partner like Mastercard, Curve would not have achieved the heights it has,” said Shachar Bialick, Founder and CEO, Curve. “Curve is revolutionising the way people manage their finances, and as the company continues to innovate and grow, Mastercard has been there with us every step of the way; focusing on the customer and developing new products that help people live their life to the fullest. Becoming a principal member of Mastercard is a huge milestone for Curve and we are delighted to have entered this next phase of our relationship as we build on our success and continue to invent and deliver fantastic products for our customers,” He added.
Scott Abrahams, Senior Vice President, Business Development and Fintech at Mastercard said: “Having partnered with Curve over the last four years, we are delighted that our relationship continues to grow and meet our collective ambitions. Curve’s success is welcome proof of our commitment to tailoring support for fintechs and continually disrupting ourselves to the meet the changing needs of our partners. We look forward to working with Curve to bring their innovative solution to many more customers as part of this agreement.”
In Europe alone, Mastercard is the partner of choice for more than 60 digital banks and fintechs, which has doubled in the last two years, and is testament to its strategy of working with fintech partners from their inception. Mastercard Start Path is an award-winning program that enables later-stage tech start-ups to rapidly scale through unparalleled access to Mastercard’s technology, solutions expertise and global partnerships.
Curve is the smart and simple way for people to manage their finance and enjoy a better and more modern banking experience across their accounts. By enabling people to interconnect their banks to one card and app, Curve provides its customers with greater financial convenience, control and peace of mind.
The company has recently announced that is the one of the first companies in Europe to provision numberless cards to its crowdfund investors. Earlier this month, Curve also announced the appointment of Hannah Nixon, the former. CEO of the Payment Systems regulator.
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For further information:
Mastercard: Suman Hughes Curve: Tom Farthing
Tel: +44 7966739444 +44 7931176282
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Curve is an over-the-top banking platform, consolidating multiple cards and accounts into one smart card and even smarter app. It allows customers to supercharge their legacy banks to the 21st century without leaving their bank or topping-up. Curve offers a host of benefits to its customers; it makes all your cards fee-free when spending abroad, you get instant notifications and categorisation of spend, you can earn instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury’s and Time Travel enables customers to swap spend to a different card in the app for up to two weeks after the purchase was made.