Mastercard Launching New Service for Money Management

Mastercard announced the new service, Assemble, will allow Mastercard partners to provide checking, budgeting and other money management tools; partners can choose from a white label version or integrate certain functions through an API; the product is geared towards millennials and is part of a wider trend in the market; Tom Cronin, Mastercard’s senior vice president of global prepaid product development, said “This technology enables our partners to deliver best-in-class digital experiences today, as we work to address additional segments such as gig economy workers and underserved consumers and micro businesses.” Source.