Treezor and Mastercard have decided to reinforce their technological partnership by building on the Mastercard processing platform (MPTS) to help Fintechs build up towards more reliability, speed and innovation in their development in Europe.
Paris, 20th June 2019. Treezor, the French fintech, which was acquired by Société Générale Group in 2019, is the market leader of the banking-as-a-service (BaaS) model, a 100% API platform, with over 500,000 cards issued and over 5bn euros of cash flow since its inception.
Thanks to the Mastercard’s digital platform (MDES), Treezor has been a pioneer of mobile payments (Apple Pay, Google Pay and Samsung Pay) for several years on the French market.
Over the past 3 years, Treezor has significantly contributed to unleashing innovation on the payments market by participating to the development of some of the most active neobanks and fintechs in France.
Treezor is also unique “ONE STOP SHOP” service provider which delivers solutions to its clients enabling them to operate rapidly and easily as digital banks and to deliver payments services in their markets.
By building on Mastercard technologies and services, Treezor is developing and enhancing its service offering to now offer new value-added services highly appreciated by companies and payments institutions such as: cash-back, split payment and multi currencies.
This new joint offer carries a range of premium services addressed to cardholders who want to supplement their cards with value-added services such as cash-back, concierge service, airport lounge, wi-fi accesses in airplanes among others.
Based on a technological and commercial partnership with Mastercard, the collaboration between the two companies now extends to card transaction processing and Card Management System.
MPTS will enable Treezor to optimize card payments in foreign currencies and therefore easily open the path to globalization for the 40 neobanks and Fintechs that are Treezor’s clients.
“Mastercard’s ability to provide Treezor rapidly with the whole range of its value added services to reinforce the centralization of its payment processes on a unique platform for France and other European markets was a decisive factor in our choice to implement MPTS. Our ambition is to position Treezor’s platform among the best references in Europe”
Eric Lassus CEO, Treezor
“The strengthening of our partnership will contribute to improve Treezor’s agility and add new services to neobanks and fintechs. Treezor can count on Mastercard’s team support in both France and other European countries to accelerate its development in new geographies.”
Solveig Honore Hatton, country Manager, Mastercard France