MONEYME secures key Mastercard status
MONEYME to become principal credit card issuer for Mastercard in Australia
Non-bank lender to gain direct access to Mastercard's network, unlocking new opportunities
MME partners with Episode Six to enhance credit card infrastructure and enable rollout of multiple card products
Special Report: Non-bank lender MONEYME has become a principal credit card issuer for Mastercard in Australia, marking a major milestone in its strategic roadmap to accelerate growth in the credit card space.
As a principal issuer, MONEYME (ASX:MME) will have direct access to Mastercard's global network, unlocking new opportunities, product development and distribution.
The agreement supports MME's strategy to enhance customer experience, diversify its product offering and drive stronger economics as the business scales.
In another strategic move, MME has partnered with global payment technology provider Episode Six to enhance its credit card infrastructure and enable the rollout of multiple card products.
MME said integrating Episode Six's cloud-based card processing infrastructure into its proprietary technology would facilitate innovation, faster roll-out of new products, custom card designs and dynamic feature sets tailored to different customer segments.
'Defining moment' in growth journey
Together, MME said the alliances would enable significant long-term growth, scalability, speed to market and future-ready customer experiences for its credit card offering.
'Becoming a Mastercard principal issuer in Australia and partnering with Episode Six marks a defining milestone in our growth journey,' MME managing director Clayton Howes said.
The move enabled MME to expand into new distribution channels and deliver a differentiated credit card offering in a market 'where banks have under-innovated'.
'With strong everyday relevance and a direct customer connection, our credit card offering plans to fill a clear gap, just as Autopay did,' Howes said.
'We see it as a high-margin, high-engagement product that will power our future growth objectives.'
Mastercard and Episode Six back MONEYME's push
Mastercard division president Australasia Richard Wormald said the company was excited to welcome MME to the network as a principal issuer.
'With its unique technology capabilities, agile approach and challenger mindset, MONEYME is strongly placed to drive fresh thinking in Australia's consumer and retail credit card programs,' he said.
Episode Six co-founder and CEO John Mitchell said the company was proud to support MME as the company took the significant step forward in owning more of the credit card value chain.
'By integrating our platform, MONEYME can configure and launch differentiated credit card products with greater speed, control and flexibility,' Mitchell said.
'Together, we're building a foundation that supports rapid innovation, scalable growth and future-ready infrastructure for the Australian market and beyond.'
This article was developed in collaboration with MoneyMe, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as MONEYME secures Mastercard principal issuer status, partners with Episode Six
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