- Mogo Inc. (NASDAQ: MOGO) announced the U.S. expansion of its modern card issuing subsidiary, Carta Worldwide, to tap the $500 billion North American payment market.
- Carta will begin positioning innovative card products for its initial group of clients in the first quarter of 2021, followed by its customer base of banks and fintech companies in the coming quarters.
- Carta’s modern open-API issuer platform is powering global innovative fintech companies encompassing over 100 card programs and vital processing technology to players, including TransferWise, Sodexo SA (OTC: SDXAY), and Payfare.
- It was presently operating in Europe, APAC, Latin America, and Canada.
- Carta’s offering includes multi-currency (Including crypto) innovations.
- Price action: MOGO shares were down 10.8% at $9.80 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
Fintech Focus Newsletter
Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!