Zeta partners with Mastercard to shake up credit card issuance


Fintech startup Zeta has formed a five-year partnership with payments giant Mastercard.

Mastercard says partnership will deliver modern credit card processing at scale

At the heart of the partnership is a “joint go-to-market agreement to launch credit cards with issuers around the world on Zeta’s modern, cloud-native, fully API-ready credit processing stack.”

The payments giant has also invested $30 million, alongside other investors, in Zeta. The investment follows Zeta’s $250 million Series C round led by Japanese conglomerate SoftBank last year, which valued the company at $1.45 billion.

Zeta co-founder and CEO Bhavin Turakhia said the company is “fundamentally revamping the way issuers launch credit card programs by offering new paradigms over legacy mainframe systems.”

Zeta’s Tachyon Credit processing stack covers the entire credit card program lifecycle, including issuance, core, payments, BNPL loans, fraud, risk and rewards.

With both partners pre-configuring key capabilities at the backend, Zeta says issuers will be able to launch cards “much faster.”

Sandeep Malhotra, Mastercard’s executive vice president for product and innovation in APAC, says more people are buying and banking online than ever before, the partnership with Zeta “will provide modern payment processing capabilities large-scale credit cards that will maximize the safety, security and convenience of e-commerce, online banking and contactless transactions”.

Mastercard and Zeta began working together following their involvement in Mastercard’s global start-up engagement program, Start Path.

Zeta is now a member of Mastercard’s developer partner network, Engage, which will give it access to the Mastercard network and enable it to integrate or bundle into Mastercard products and services.


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