Paycast, Partners

Marqeta (NASDAQ: MQ), the global modern card issuing platform, Mastercard (NYSE: MA), a leader in global payments, and Paycast (an SPG Company), the marketplace payment engine, announced today a collective partnership to power and launch a digital card product to offer faster and more convenient ways for marketplace sellers to get paid and do business.

24.11.2021 - 10:02:58

Paycast Partners With Marqeta and Mastercard For New Marketplace Payment Solution

and LinkedIn.

About Paycast

Paycast exists to level the playing field for marketplaces and their sellers, with the ability to accept any value or volume of payments, hold money in escrow based on bespoke transactions conditions, and payout to any number of sellers, fast. Beyond simply removing the regulatory and administrative burden of managing payments for marketplaces and online platforms, Paycast is striving to be the engine room for marketplace money, delivering experiences that delight sellers and help them grow without limitation.

Launched in 2020, Paycast is the second business to launch from SPG, leveraging and building upon the group reputation as the trusted partner for the payments that matter the most. For more information, visit www.paycast.io and LinkedIn.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to Marqeta’s relationship with Mastercard and Paycast, product capabilities, and product adoption prospects. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with the relationship with Mastercard or Paycast and the qualities, capabilities, or adoption of products. Detailed information about these risks and other factors that could potentially affect Marqeta’s business, financial condition and results of operations are included in the “Risk Factors” disclosed in Marqeta's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, as such risk factors may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.

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