Contis Joins Forces with Mastercard to Expand BaaS Issuing in Europe

On December 9, 2020, Contis announced a partnership with Mastercard to expand its Banking-as-a-Service issuing capabilities across Europe. Contis, a BaaS provider, joined forces with Mastercard to leverage the global payments network's infrastructure and reach. The partnership is designed to enable businesses and fintechs across Europe to more easily embed card issuing and payment capabilities into their offerings.

Mastercard brings its established network and compliance framework, while Contis contributes its BaaS platform expertise in issuing and processing. The collaboration targets the growing European demand for embedded financial services. Specific financial terms of the partnership were not disclosed.

The deal positions both companies to capture a larger share of the European BaaS and embedded finance market.