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Stock impact report

Figure Pay Partners With Marqeta to Power Next Generation Digital Banking and Buy Now, Pay Later Solution

Marqeta, Inc. - Class A (MQ) 
Company Research Source: Business Wire
Figure Pay, currently expanding nationwide, will leverage Marqeta’s global modern card issuing platform and digital banking capabilities. OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today it is partnering with Figure, a leader in transforming financial services through the power of blockchain technology, to power the launch of the Figure Pay product, an all-in-one digital money app.Figure Pay is currently available in 26 states, and is expanding nationwide. It is built on the Provenance Blockchain payments infrastructure, which allows for faster payments and cuts down on merchant costs. Figure Pay offers its users a fee-free deposit account, seamless money transfer to friends and family, an extensive rewards program and free access to a network of 55,000 ATMs. Most notably, it has native Buy Now, Pay Later functionality built in, allowing a consumer to decide at the point of sale whether they want to finance any purchas Show less Read more
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