Inswitch and Mastercard Partner on Embedded Payments and Issuing Programs

Inswitch and Mastercard International announced a partnership on May 14, 2025, to jointly launch embedded payments and issuing programs targeting multiple industries. The collaboration combines Inswitch's fintech technology platform, which enables companies to embed financial services into their products, with Mastercard's global payment network and card issuing capabilities. The partnership allows non-financial businesses across various sectors to offer payment and card services to their customers without building financial infrastructure from scratch.

Inswitch serves as the technology enablement layer while Mastercard provides the payment rails and scheme access. The initiative is designed to accelerate embedded finance adoption beyond traditional financial services verticals. No specific financial terms of the partnership were disclosed.

The partnership reflects the broader trend of card networks increasingly collaborating with BaaS and embedded finance platforms to expand their reach into non-traditional distribution channels.