Marqeta Fuels Trading 212's Rapid Expansion in 20 European Countries

Marqeta Fuels Trading 212’s Rapid Expansion in 20 European Countries

Trading 212, a pioneering fintech broker focused on democratizing financial markets, has recently expanded its services into 20 countries across continental Europe. This exciting launch comes as a result of a strategic partnership with Marqeta, a leading global card issuing platform.

Trading 212 Card: Enhancing Customer Engagement

The newly introduced Trading 212 card, powered by Marqeta, is designed to strengthen the connection with over three million customers. This debit card provides several benefits, including:

  • Zero foreign exchange (FX) and account fees: Customers can make transactions without worrying about additional costs.
  • Cashback rewards: Users will earn 0.5% cashback that can be reinvested in the Trading 212 platform.
  • Enhanced spending capabilities: Customers can easily manage their spending directly through the app.

CEO Insights on Expansion

Mukid Chowdhury, CEO of Trading 212, emphasized the importance of this partnership, stating, “Marqeta really simplified the process of launching in new countries, allowing Trading 212 to expand quickly and capitalize on our growing momentum in Europe.” He added that the goal is to unlock the stock market, providing customers in the UK and Europe with unprecedented access to investment opportunities.

The Role of Marqeta in Market Expansion

Marqeta was chosen as a strategic partner to facilitate this rapid expansion into new markets. Key advantages of this collaboration include:

  • Streamlined market entry: Marqeta’s platform is certified to operate in over 40 countries, allowing Trading 212 to bypass the complexities of launching independently in each region.
  • Fraud prevention tools: The Real-Time Decisioning tool, powered by AI, helps identify high-risk transactions, enhancing security for users.
  • 3D Secure verification: This additional security measure requires cardholders to complete a secondary verification step during transactions.
READ ALSO  Ziglu Unveils Game-Changing Crypto on Card Feature: Your Gateway to Effortless Digital Currency Transactions!

Expert Opinions on the Partnership

Marcin Glogowski, SVP and Managing Director for Europe at Marqeta, noted, “With our scalable platform, Marqeta makes it possible for innovative brands like Trading 212 to accelerate their time to market and capitalize on tremendous demand for stock trading.” He emphasized that Marqeta’s support helps reduce the complexities of payments, allowing Trading 212 to focus on its growth objectives.

For more information on Trading 212’s offerings, visit their official website at Trading 212. To learn more about Marqeta and its innovative solutions, check Marqeta’s website.

Similar Posts

Unlocking Wealthtech: Revolutionizing Investment Access for All

Unlocking Wealthtech: Revolutionizing Investment Access for All

Bysupport

Wealthtech: Transforming Accessibility in Alternative Investments Financial advice can often feel daunting, with both advisers and clients navigating a landscape of trust and information. However, with the rise of wealthtech, investing has become an increasingly beneficial option for individuals looking to wisely use their funds. This November, we delve into the various aspects of wealthtech…

Swiss FinTech Landscape Shifts: 2024 Sees Dramatic 50% Drop in Deal Activity with No Transactions Over $100M

Swiss FinTech Landscape Shifts: 2024 Sees Dramatic 50% Drop in Deal Activity with No Transactions Over $100M

Bysupport

In 2024, the Swiss FinTech sector saw significant declines in deal activity and total funding. The year ended with just 63 deals, a 53% drop from 2023’s 134 deals, and total funding fell to $521 million, down 70% from $1.7 billion the previous year. All investments were under $100 million, reflecting a shift towards smaller, less risky ventures amid economic uncertainties. Despite this downturn, Alpian, a digital banking platform, secured the largest deal at $84 million and doubled its client base within four months, demonstrating resilience and effective financial strategies.

Kraken Unveils Innovative Crypto Payments Service for Seamless Transactions

Kraken Unveils Innovative Crypto Payments Service for Seamless Transactions

Bysupport

Kraken Pay is a groundbreaking payment service by Kraken that allows users to transfer various cryptocurrencies and traditional currencies quickly and without fees. It simplifies transactions globally with a unique identifier called Kraktag, enabling users to send funds via a paylink URL through messaging platforms. Recipients need a Kraken account to accept payments. Key benefits include fast transactions, no fees, ease of use, and multi-currency support. To get started, users can create an account on the Kraken website. Kraken Pay is designed for efficient and secure fund transfers, catering to the growing demand for digital currency transactions.

Transforming Financial Advice: Octopus Money Teams Up with Aveni in Groundbreaking AI Alliance

Transforming Financial Advice: Octopus Money Teams Up with Aveni in Groundbreaking AI Alliance

Bysupport

Octopus Money has partnered with Aveni, an AI innovator in financial services, to enhance the personalization and efficiency of financial advice. This collaboration will integrate Aveni’s AI tools, such as Aveni Detect and Aveni Assist, into Octopus Money’s operations, automating administrative tasks and improving customer interactions. The partnership aims to address Consumer Duty regulations through automated note-taking and documentation while ensuring compliance and quality assurance. Following a successful trial, the initiative is set to streamline processes and enhance scalability in financial advice. Leadership from both companies expressed enthusiasm for leveraging AI to improve customer support and service standards.

Deutsche Bank Pioneers Payment Innovation: First International Bank to Integrate Bizum

Deutsche Bank Pioneers Payment Innovation: First International Bank to Integrate Bizum

Bysupport

Deutsche Bank has integrated Bizum, a popular mobile payment solution in Spain, into its corporate services, becoming the first international bank to do so. This move enhances payment experiences for businesses in Spain, allowing both foreign multinationals and local companies to accept Bizum payments via Deutsche Bank’s virtual POS services. Bizum is known for its speed, convenience, and wide adoption, boasting over 28.5 million users and around 3.75 billion transactions. The integration reflects Deutsche Bank’s commitment to innovative payment solutions and aims to support clients in evolving their business models, enhancing operational capabilities and customer satisfaction.

Can Deeptech Propel Europe Towards Independence from US Influence?

Can Deeptech Propel Europe Towards Independence from US Influence?

Bysupport

Europe is facing significant economic challenges amid geopolitical tensions and U.S. tariffs, with a recent report highlighting deeptech as crucial for the continent’s security and autonomy. In 2024, deeptech attracted €15 billion in venture investments, making up nearly a third of all European venture capital. Mergers and acquisitions in the sector rose to $12.2 billion, yet many startups still rely on U.S. funding. Experts stress the need for policy changes to bolster innovation, while Europe boasts strong research institutions and potential advantages in AI and photonics computing. The ongoing U.S. brain drain could further benefit Europe’s deeptech ecosystem.