Read The Times Australia

Daily Bulletin

Mastercard onboards customers up to four times faster with Cloud Edge

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS
Mastercard onboards customers up to four times faster with Cloud Edge

Backed by leading cloud providers like AWS, Cloud Edge gives customers greater flexibility and choice

SINGAPORE, June 16, 2025 /PRNewswire/ -- Mastercard today 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 Pacific[1]. 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 2029[2].

"With Cloud Edge, Mastercard brings pioneering innovations in cloud and payments to Asia Pacific banks, financial institutions, and cloud-native organizations – meeting forward-thinking customers where they want to be," said Sandeep Malhotra, executive vice president, Core Payments, Asia Pacific, Mastercard. "Cloud Edge reinforces Mastercard's commitment to resiliency, redundancy and security while offering customers cost efficiency as well as greater choice, speed and flexibility. For instance, with cloud computing, fintechs can serve customers easily during demand spikes like national holidays or sales events without needing more physical infrastructure."

As an additional onboarding option, Mastercard Cloud Edge provides customers, including issuers, acquirers, network enablement partners and payment processors, with:

  • Seamless, private connectivity to Mastercard powered by the speed and scale of the cloud across Asia Pacific so customers are not tied to a single IT infrastructure or on-premises solutions.
    • Cloud Edge accelerates time to market and ensures regulatory compliance with local data storage and processing requirements so customers can develop fintech solutions more quickly.
  • Lower capital expenditure and maintenance costs by avoiding physical data center overheads.
  • Direct access to modern payment technology such as Transaction APIs built on ISO 20022-standardized payloads.

For example, Episode Six, a global provider of enterprise-grade ledger and cards infrastructure, is using Cloud Edge to assist banks, fintechs and payments organizations in Asia Pacific as they design and launch leading digital payment propositions like credit and B2B payments.

"All of Episode Six's bank-grade technology was created specifically for the cloud, and as such, we understand how important infrastructure is for partners to scale with greater security now and in the future," said John Mitchell, Co-Founder and CEO, Episode Six. "We are excited to collaborate with Mastercard on Cloud Edge so that we can reduce time to market for their clients, while ensuring security, backup and protection by encrypting and storing data in the cloud."

"The AWS Regions across Asia Pacific offer Mastercard extensive connectivity and secure cloud services. Together with Mastercard's global footprint, this provides organizations in the region with payment network access at low latency, ensuring seamless operations as well as compliance with regional data residency regulations," said Scott Mullins, Managing Director, Financial Services, AWS.

Mastercard Cloud Edge is available in Asia Pacific markets (including India, Australia, Singapore, Hong Kong SAR, Thailand), the United States, Canada and parts of Europe, Latin America, the Caribbean, Middle East and Africa.

About Mastercard (NYSE: MA),  www.mastercard.com

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

 

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/4709908_AE09908_0

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How Non-Competitive Sports Programs Benefit Early Childhood Development

Australia is known globally as a sporting nation, yet recent statistics paint a surprisingly differe...

The Hidden Health Impacts of Digital Screens on Developing Eyes

Modern Australian childhood is undeniably intertwined with technology. From educational tablets in p...

GRC Consulting and Cyber Security Consulting for Businesses

Businesses face risks such as ransomware attacks, data breaches, violations of regulatory standards ...

How to Set a Budget Before Bidding at Auction

Placing a bid at an online art auction is an exciting way to discover rare paintings, home content...

Does a Modern James Bond Exist?

Image Credit: MysteryShot What the Movies Get Right About Private Investigators There are a few mov...

How Australian Businesses Can Effectively Manage Tax Audits and Disputes

Managing a small business in Australia is inherently challenging, but recent shifts in regulatory ...

From Coastal Calm to Classic Comfort: The Right Carpet for Every Style of Home

Carpet is often chosen near the end of a room makeover, after the walls, furniture, and lighting h...

How to Add a Heart to a Photo in Seconds

Visual storytelling has rapidly evolved in the digital age, transforming how we share our daily expe...

Why Small-Denomination Physical Gold is Becoming the Ultimate Defensive Asset

In a landscape of lingering macroeconomic uncertainty and rising domestic living costs, everyday i...