#Mastercard partnership

Mastercard has recently partnered with tonik, a digital bank in the Philippines, to allow the bank's customers to fulfill electronic transactions with merchants accepting Mastercard. Orchestrating the partnership is Mastercard Fintech Express, a tailored program that provides increased speed-to-market, access to a suite of digital-first products, and strategic counsel to be able to successfully build their offerings. The Mastercard debit cards, which allow customers to transact and withdraw cash from Mastercard ATMs and merchants, will be available to customers at the end of the year. Grab and Mastercard has recently announced a partnership to issue prepaid cards that customers can use online or offline at any merchant around the world that is accepting Mastercard. The partnership involves the integration of Mastercard prepaid card with GrabPay, combining the strengths of Grab with a user base of over 110 million downloads, and Mastercard with 3 million-strong network of merchant outlets. Grab and Mastercard expects to offer the card in the first half of 2019, starting in Singapore and the Philippines, representing some of the most banked (98%) and the least banked (34%) countries in Southeast Asia respectively. Christine Tueres, managing director of RRHI, said: "Our partnership with BPI allows us to go beyond retail by offering convenient, accessible financial services within our stores, making essential transactions like deposits and withdrawals part of our customers’ regular shopping routines," she said. Read more in our articles including "Mastercard partners with tonik for digital transactions" and "Grab, Mastercard to launch prepaid cards for consumers in SEA".