Tutuka announces five-year strategic partnership with Mastercard in Mexico

Tutuka is proud to announce the signing of a five-year strategic partnership with Mastercard in Mexico.

Tutuka enables fintechs, telcos, transfer providers, mobile wallets and digital banks to issue cards across 40 countries, and is the first issuer-processor to process payments across five continents. Through this deal, Tutuka becomes a key player in Mastercard Fintech Express, a programme that provides a suite of tools and resources to enable payment innovators to grow and scale their business by leveraging the power of partnerships.

The new partnership is already active, with both Mastercard and Tutuka’s teams underway rolling out the planning and execution of agreed initiatives. Tutuka already has an established presence, as well as strong, long-term relationships with various Mastercard Teams, in the region.

This partnership represents an opportunity for the B2C and B2B markets in Mexico to have greater access to the services and benefits of both Mastercard and Tutuka, together, while enhancing existing benefits, as well as improving core differentiators such as time-to-market.

The development of joint projects on a larger scale, with the customisation required for various players in the region, enables significant improvement in benefits, rapid fulfilment, time-to-market, and many others. This will also enable exponentially scalable development and growth, as well as faster launch times with greater scope of service for both brands’ clients.

“The advancement of technology creates great opportunities, and at Mastercard, we’re committed to working towards a digital economy that works for everyone, everywhere,” commented Mastercard’s Pablo Cuaron, Director of New Payment Flows. “As the partner of choice for 86% of top Fintech brands in Latin America, we know that by working together we can shape the future of commerce and forge new paths for inclusive economic growth, thus improving quality of life and financial security for consumers, businesses large and small, and customers across different industries.”

Tutuka CEO, Rowan Brewer added, “This strategic partnership with Mastercard is a great opportunity for Tutuka to offer our Mexican clients innovative payment options that are safe, simple and secure. As a global leader in the Payments Processing Industry, Tutuka remains committed to providing the innovation, expertise and flexibility needed to help and guide our clients on their digital transformation journey.”