MQ integrates B2B solution
MQ integrates B2B solution
Marqeta integrated Mastercard's Track Instant Pay solution to streamline B2B payments.
This should help its SMB focus in operations technology and significantly help saving time and effort (machine learning to identify invoices that are likely to be rejected so the rest can be approved without manual intervention).
has been in my watchlist for quite some time and has been in the press consistently with new implementations and pioneering payment digitization & API based Issuing. I'll do more DD with it's median PT being significantly higher than the current price (33% more to be exact).
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| Marqeta taps Mastercard to help strengthen customer offerings
Marqeta gets paid every time a customer completes a transaction with one of its products. This revenue model is similar to how and receive fees for transactions that run through their networks. Because of this, total processing volume (TPV) is a crucial metric that management pays close attention to.
TPV measures the total number of payments that run through Marqeta's platform, net of returns and charge reversals. The company sees this as a top indicator of its platform's market adoption and the growth of its brand and business. Through the first three quarters of 2022, Marqeta's TPV grew 53% to nearly $120 billion.
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