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Mastercard unveils Digital API Platform for Merchants, Issuers

May 15, 2019 / Mastercard

Payments giant Mastercard has launched the Mastercard Innovation Engine, an Application programming interface (API) based digital platform that enables issuers and merchants the power to provide digital capabilities to customers. In its official communique, the payments company said that the plug-and-play platform amalgamates the Mastercard assets and FinTech services for providing enhanced customer experiences. Mastercard Innovation Engine is dedicated to enhancing the consumers’ experience pertaining to their card benefits and rewards. “Consumer expectations are changing rapidly and as a result, we must keep pace. Given where Mastercard sits at the epicentre of payments, we recognise that we can serve as a hub for scaled innovation delivered through our issuing partners. By enabling our customers a means to significantly faster speed to market, together, we can drive the digital transformation of the consumer experience,” said Amnah Ajmal, Executive Vice President, ...