Hamburg / Frankfurt / Berlin, Germany, October 11, 2016 – Mastercard and Berlin-based solarisBank announced their plans for an in-depth partnership to drive innovation in the digital banking industry at Hamburg Fintech Week. Receiving the Principal Membership status, solarisBank will now operate at Mastercard’s highest issuer level, with access to Mastercard’s entire product portfolio.
Both companies have agreed to collaborate on the development of banking modules for the solarisBank platform. In a first step, the innovative Debit Mastercard – combining the benefits of a debit card and credit card in a single product – will be brought to the solarisBank platform. In the following months, wallet services and mobile payment will be added as further banking bricks.
Marko Wenthin, Member of the board of solarisBank , said: “Our strategic partnership with Mastercard allows us to use the global infrastructure of a market leader. With our B2B2X approach we will be able to reach millions of customers all over the world through our partners while profiting from Mastercard’s network.”