Marqeta, which owns a global functional platform designed for issuing modern bank cards, reported that it was selected by Perpay to power a credit card.
It is worth clarifying that within the framework of this interaction between the two brands, the unsecured credit card is the central product element. The vast majority of cases use such cards to help consumers build or improve their credit. The corresponding goal is achieved by automating payments directly from a paycheck.
Also, special attention should be paid to the fact that in this case, it means a credit card that was issued by Celtic Bank.
Perpay migrated to the platform from Marqeta. The main goal of this action is to create an experience space where customers can get the most out of each paycheck.
A credit card from Perpay allows users to link their paychecks directly. In this case, automatic payment of the balance on the card is provided, and assistance is provided to consumers in fulfilling financial obligations and building their credit.
In a press release posted on Marqeta’s official website, it was noted that Perpay needed to interact with a platform that issues credit cards. It is specified that the corresponding need is related to the brand’s desire to expand its range of relevant products. It was also noted that interest on the part of Perpay was focused on interacting with a platform that provides high speed and flexibility. Moreover, in this case, the parameters for evaluating the most suitable party for interaction were the prospects to reach more users and improve the customer experience.
As we have reported earlier, Marqeta CEO Says About Future of Analog Payments.
