California, USA – Marqeta, a global modern card issuing platform, has announced its added expansion to the markets of Thailand, Singapore, and the Philippines, making the platform’s presence in total to 39 countries globally. According to the company, they have acquired certifications across these three new markets for their payments platform to be used.
With new certifications in the said markets, Marqeta’s platform is now enabled in five countries in the Asia-Pacific region, having announced its Australian office and supporting its first customers in New Zealand in 2021. The company plans to establish Singapore as its APAC regional hub, building a broader team to support the region in 2022.
Marqeta will initially target fintechs and local disruptors in Thailand, Singapore, and the Philippines that are looking to transform payments by creating a digital-first customer experience. These new markets have a common commitment to improving payment infrastructure, with a focus on interoperability between countries, making them a good fit for Marqeta’s modern card issuing technology.
Vidya Peters, chief operating officer at Marqeta, said, “Marqeta is a single, global platform, allowing our customers to build once and launch anywhere. We’re constantly assessing where our customers are looking to launch, and what markets hold the most immediate potential for our technology. We’re excited to support new card programs in these new markets and to enable our customers’ global expansion ambitions throughout 2022.”
