Fintech Wales Embraces Mastercard as Its Most Recent Collaborator
Mastercard Partners with FinTech Wales to Drive Fintech Growth in Wales
In a significant move to shape the future of fintech in Wales, Mastercard has joined FinTech Wales' 180-strong membership community. This partnership marks Mastercard's commitment to collaborating with Welsh fintech startups, scaleups, policymakers, and regulators to foster innovation and growth.
FinTech Wales, an organisation with a mission to make Wales a world leader in the global fintech community, has welcomed Mastercard as its newest Partner. Sarah Jones, CMO of FinTech Wales, expressed her excitement about the collaboration, stating, "We are thrilled to have Mastercard on board, their global expertise, collaborative mindset, and commitment to digital innovation make them a perfect fit for our community."
As a partner, Mastercard provides access to its global network, technology infrastructure, and industry insights. This collaboration offers numerous benefits to Welsh fintech firms, including early-stage and scaling support, opportunities for knowledge sharing, and exposure to global best practices. The partnership is expected to accelerate innovation within the fintech community and help create new business opportunities and growth in Wales.
The partnership launch event was held at Admiral's Cardiff headquarters, symbolising the strengthening of the local fintech ecosystem by connecting Welsh companies to global fintech trends and markets. This collaboration also enhances the profile and competitiveness of Welsh fintech firms internationally, supports digital innovation and inclusion in financial services, and fosters a vibrant and scalable fintech community in Wales.
Mastercard's role in FinTech Wales is multifaceted. It acts as a strategic partner to champion innovation and inclusive, secure, and sustainable payment solutions in the Welsh fintech sector. The partnership exemplifies a broader commitment to developing the UK’s fintech ecosystem through cooperation with key stakeholders.
Joining an impressive list of FinTech Wales Partners, Mastercard is now in esteemed company, alongside Admiral, Barclays, Aviva, Starling Bank, Hodge Bank, Principality and Monmouthshire Building Societies, Confused.com, Go.Compare, The Royal Mint, Veeqo, and Future Finance.
This partnership represents a significant opportunity to accelerate growth and foster innovation for fintechs in Wales. Mastercard's partnership with FinTech Wales reflects its intent to work with all key stakeholders in the fintech sector. FinTech Wales, which launched in April 2019, uses the power of the collective voice to be heard by politicians, governments, and influencers in the financial services space.
The partnership between Mastercard and FinTech Wales will be launched at FinTech Wales' 100th event - Celebrating Our Community. A representative from Mastercard will join FinTech Wales at this milestone event, further emphasising the company's commitment to the Welsh fintech sector. Mastercard supports early-stage and scaling fintechs with access to its global network, helping shape the future of payments by ensuring it's inclusive, secure, and sustainable.
- Mastercard's global expertise in finance and technology will be beneficial for Welsh fintech firms, as they can now leverage Mastercard's partnership with FinTech Wales to access the company's network, technology infrastructure, and industry insights.
- Echoing the excitement of the partnership, Sarah Jones, CMO of FinTech Wales, mentioned that Mastercard's commitment to digital innovation makes them an ideal fit for their community, further strengthening their mission to make Wales a world leader in the global fintech community.
