Mastercard has agreed to strengthen its technological partnership with Société Générale Group’s subsidiary Treezor.
The collaboration aims to assist the European fintech companies with growth and innovation, building on the Mastercard processing platform (MPTS).
Treezor is a Bank as a Service (BaaS) platform, facilitating payment management with more than 500,000 cards issued since inception.
The expanded partnership now encompasses card transaction processing and Card Management System.
Using MPTS, Treezor will optimise card payments in foreign currencies. In turn, it opens the international market to Treezor’s 40 neobanks and fintech clients.
Treezor CEO Eric Lassus said: “Mastercard’s ability to provide Treezor rapidly with the whole range of its value added services to reinforce the centralisation of its payment processes on a unique platform for France and other European markets was a decisive factor in our choice to implement MPTS.
“Our ambition is to position Treezor’s platform among the best references in Europe.”
This new joint offer comes with multiple premium services for cardholders who wish to supplement their cards with value-added services.
It includes cash-back, concierge service, airport lounge and Wi-Fi accesses in airplanes among others.
Mastercard France manager Solveig Honore Hatton said: “The strengthening of our partnership will contribute to improve Treezor’s agility and add new services to neobanks and fintechs.
“Treezor can count on Mastercard’s team support in both France and other European countries to accelerate its development in new geographies.”
Recently, Amazon Rewards Mastercard was launched in Canada. The card, launched in partnership TD Bank, comes with several cashback offers.