Marqeta is bringing its experience in powering the technology behind gig-economy giants to Western Union, which can use the partnership to create a more cohesive menu of online services in Europe.
Marqeta will integrate its card-issuing technology with Western Union’s multicurrency digital wallet and banking platform in Europe. This will allow Western Union’s entire remittance service to be offered online, with funds distributed to a physical or virtual Visa card.
Western Union will connect with Marqeta through an application programming interface that supports card issuing, payment processing, data gathering and analysis of a consumer’s card activity. That would expand on Western Union’s prepaid card, which is part of a partnership with NetSpend.
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