Power Finance is a reputed credit card systems integration platform. This is Marqeta’s first commercial purchase and a significant step forward in technology and innovation.
This purchase will enable Marqeta to encompass the credit card process management services to Marqeta’s card offering platform, allowing it to target a significant marketplace. It is reported that the United States of America alone spends more than $4.1 trillion on credit and debit cards annually. It will enable Marqeta to increase operating income from credit programs while improving the competitive posture when negotiating new contracts.
