Mastercard onboards customers up to four times faster with Cloud Edge

Mastercard announced that Asia Pacific banks and fintechs can onboard to its network up to four times faster and streamline the launch of payment tools via Mastercard Cloud Edge, its cloud- based connectivity solution, offered in collaboration with cloud providers, including Amazon Web Services (AWS), an Amazon.com, Inc. company.

Fintechs worldwide are expected to grow approximately three times faster than the overall banking industry through 2028, powered largely by emerging markets growth in Asia Pacific¹. This growth is further accelerated by cloud computing and will account for over $1 trillion in value across the world’s top 500 companies. In Asia Pacific, cloud computing is integral for fintech growth and is set to drive the market to a projected value of nearly $311 billion by 2029².

“With Cloud Edge, Mastercard brings pioneering innovations in cloud and payments to Asia Pacific banks, financial institutions, and cloud-native organisations – meeting ...