Mastercard onboards customers up to four times faster with Cloud Edge
SINGAPORE, June 16, 2025 /PRNewswire/ — Mastercard today announced that Asia Pacific banks and fintechs can onboard to its network up to four times faster and streamline the launch of payment tools via Mastercard Cloud Edge, its cloud-based connectivity solution, offered in collaboration with cloud providers, including Amazon Web Services (AWS), an Amazon.com, Inc. company.
Fintechs worldwide are expected to grow approximately three times faster than the overall banking industry through 2028, powered largely by emerging markets growth in Asia Pacific[1]. This growth is further accelerated by cloud computing and will account for over $1 trillion in value across the world's top 500 companies. In Asia Pacific, cloud computing is integral for fintech growth and is set to drive the market to a projected value of nearly $311 billion by 2029[2].
'With Cloud Edge, Mastercard brings pioneering innovations in cloud and payments to Asia Pacific banks, financial institutions, and cloud-native organizations – meeting forward-thinking customers where they want to be,' said Sandeep Malhotra, executive vice president, Core Payments, Asia Pacific, Mastercard. 'Cloud Edge reinforces Mastercard's commitment to resiliency, redundancy and security while offering customers cost efficiency as well as greater choice, speed and flexibility. For instance, with cloud computing, fintechs can serve customers easily during demand spikes like national holidays or sales events without needing more physical infrastructure.'
As an additional onboarding option, Mastercard Cloud Edge provides customers, including issuers, acquirers, network enablement partners and payment processors, with:
Seamless, private connectivity to Mastercard powered by the speed and scale of the cloud across Asia Pacific so customers are not tied to a single IT infrastructure or on-premises solutions.
Cloud Edge accelerates time to market and ensures regulatory compliance with local data storage and processing requirements so customers can develop fintech solutions more quickly.
Lower capital expenditure and maintenance costs by avoiding physical data center overheads.
Direct access to modern payment technology such as Transaction APIs built on ISO 20022-standardized payloads.
Cloud Edge accelerates time to market and ensures regulatory compliance with local data storage and processing requirements so customers can develop fintech solutions more quickly.
For example, Episode Six, a global provider of enterprise-grade ledger and cards infrastructure, is using Cloud Edge to assist banks, fintechs and payments organizations in Asia Pacific as they design and launch leading digital payment propositions like credit and B2B payments.
'All of Episode Six's bank-grade technology was created specifically for the cloud, and as such, we understand how important infrastructure is for partners to scale with greater security now and in the future,' said John Mitchell, Co-Founder and CEO, Episode Six. 'We are excited to collaborate with Mastercard on Cloud Edge so that we can reduce time to market for their clients, while ensuring security, backup and protection by encrypting and storing data in the cloud.'
'The AWS Regions across Asia Pacific offer Mastercard extensive connectivity and secure cloud services. Together with Mastercard's global footprint, this provides organizations in the region with payment network access at low latency, ensuring seamless operations as well as compliance with regional data residency regulations,' said Scott Mullins, Managing Director, Financial Services, AWS.
Mastercard Cloud Edge is available in Asia Pacific markets (including India, Australia, Singapore, Hong Kong SAR, Thailand), the United States, Canada and parts of Europe, Latin America, the Caribbean, Middle East and Africa.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
[1] McKinsey: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-fintech
[2] Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/asia-pacific-fintech-market
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
13 hours ago
- The Sun
Malaysia aims to be regional cloud hub by 2030 with new policy
KUALA LUMPUR: Malaysia has reaffirmed its ambition to become a leading regional cloud and digital hub by 2030 with the launch of the National Cloud Computing Policy (NCCP). Digital Minister Gobind Singh Deo stated that the NCCP aligns with MyDIGITAL and the Malaysia Digital Economy Blueprint to unlock economic potential. A recent study by the Asian Development Bank Institute and AWS projects that a one per cent increase in cloud adoption could add RM10.5 billion to Malaysia's GDP. Gobind highlighted that accelerating cloud adoption from 2024 to 2028 could generate an additional RM110 billion in economic value. He noted that global tech players are investing billions in Malaysia's digital infrastructure, including new cloud regions and data centres. The NCCP focuses on five core pillars, including public-private sector guidance, data protection, and environmental sustainability. Gobind emphasised that the policy ensures inclusive digital transformation across sectors, institutions, and communities. The NCCP also serves as a national action plan to maintain Malaysia's competitiveness in the global digital economy. The Digital Ministry stated that the policy will enhance efficiency in both public and private sector digitalisation. It will also strengthen micro, small, and medium enterprises (MSMEs) to compete in the digital economy. Designed as a dynamic policy, the NCCP can adapt to technological changes and global cloud computing challenges. - Bernama
New Straits Times
15 hours ago
- New Straits Times
Malaysia unveils cloud policy to drive RM110bil digital economy boost
KUALA LUMPUR: Malaysia aims to become a world-class digital and cloud computing hub by 2030 through the launch of the National Cloud Computing Policy (NCCP) today. Digital Minister Gobind Singh Deo said the NCCP serves as the nation's strategic blueprint to drive a sovereign, secure, inclusive and sustainable digital ecosystem, positioning Malaysia as a premier investment destination in the regional digital economy. He said the policy directly supports the objectives of MyDigital and the Malaysia Digital Economy Blueprint, not only by setting the strategic direction but also by unlocking real economic potential. He added that a recent study by the Asian Development Bank Institute and AWS projects that even a one per cent increase in cloud adoption could contribute up to RM10.5 billion to Malaysia's gross domestic product (GDP). "This figure is not just a statistic. It represents new jobs, greater opportunities and stronger economic resilience for our country. "Moving forward, by accelerating cloud strategies from 2024 to 2028, we have the potential to unlock an additional RM110 billion in economic value," he said at the NCCP launch today. Also present were Deputy Digital Minister Datuk Wilson Ugak Kumbong and the ministry's secretary-general, Fabian Bigar. Gobind said the NCCP will drive investment in cloud technologies, boost the competitiveness of local businesses, particularly micro, small and medium enterprises (MSMEs), and create a conducive business environment for innovation to flourish. Previously, he noted, cloud initiatives in Malaysia were implemented in silos, creating a risk of falling behind in the fast-evolving global digital economy. He said the NCCP addresses this gap by adopting a whole-of-nation approach, bringing together government agencies, the private sector, cloud service providers, academia and the community. He added that the policy will be aligned with existing national digital strategies, including MyDigital, the National Fourth Industrial Revolution (4IR) Policy and the New Industrial Master Plan 2030 (NIMP 2030) to ensure Malaysia remains on track to attract high-value foreign investments. According to Gobind, the NCCP is anchored on five pillars, which are public sector transformation, private sector growth, data security, digital inclusion and environmental sustainability, forming a complete framework for building a globally competitive digital ecosystem. Beyond economic growth, he said, the policy will deliver tangible benefits to the people, from equitable access to technology to the creation of high-skilled jobs. "The NCCP is not just a technology agenda. It is an economic agenda. Investments in green data centres, cloud infrastructure and cybersecurity will strengthen our digital sovereignty while boosting GDP growth. "Therefore, the Digital Ministry calls on all stakeholders to work together in implementing the NCCP in an integrated manner, ensuring Malaysia maintains its momentum as a key player in the global digital economy," he said.
Sinar Daily
3 days ago
- Sinar Daily
Malaysian gen Alpha rewriting rules of financial literacy
According to the survey, parents of Malaysian Gen Alpha anticipated their children will grow up in a digital-first financial world - one where they may never own a physical wallet or carry cash. 10 Aug 2025 05:04pm Photo for illustration purpose only. - Bernama file photo KUALA LUMPUR - A total of 97 per cent of generation Alpha (Gen Alpha) children in Malaysia were already having access to a financial account, holding digital wallets, investment accounts and debit cards, a study by Mastercard revealed. It said in a statement that half of the parents of Gen Alpha (the digital-first generation born 2010 onwards) said their children are more financially savvy than they were at the same age, with 40 per cent saying that their children know more about new payment methods than they do. "Malaysia's Gen Alpha is growing up in a digital-first environment, where mobile wallets are already the norm -- driving one of the highest digital wallet penetration rates in Southeast Asia at around 40 per cent," it said. The findings are based on a global research study conducted by The Harris Poll on behalf of Mastercard which surveyed 19,302 consumers across five global regions, including 9,131 consumers in Asia Pacific and 1,010 in Malaysia. According to the survey, parents of Malaysian Gen Alpha anticipated their children will grow up in a digital-first financial world -- one where they may never own a physical wallet or carry cash. With the rise of digital wallets, mobile payments and virtual accounts, Malaysian families are calling for smarter, future-ready solutions that will set their children up for success, it said. Mastercard Malaysia and Brunei country manager Beena Pothen said the findings highlight the remarkable pace at which Malaysia's youngest generation is embracing digital finance. With 97 per cent of Gen Alpha children already accessing financial accounts and nearly half using digital wallets, it is clear that the children are growing up with a strong digital-first mindset, she said. "This is a true reflection of Malaysia's impressive momentum in digital transformation. Mastercard is supporting this progress by driving innovation that delivers secure, seamless, and meaningful payment experiences - not just for Gen Alpha children, but for their parents as well. "These insights will help guide how government and industry can collaborate to empower Gen Alpha families with the tools they need to thrive in a world where digital finance is second nature," she added. - BERNAMA More Like This
