Marqeta Powers Trading 212’s European Expansion with Modern Card Issuing Solutions
London, UK – Marqeta, the leading modern card issuing platform, recently announced its partnership with Trading 212, the online brokerage platform, to power their expansion into 20 countries in continental Europe. This collaboration will allow Trading 212 to deepen its relationship with its over 3 million customers and increase engagement by offering a new debit card, the Trading 212 card.
What is Trading 212, and what does it offer?
Trading 212 is an online brokerage platform that offers commission-free trading in stocks, ETFs, and cryptocurrencies. It has gained popularity due to its user-friendly interface, low fees, and accessibility to a wide range of financial markets. The platform is available in the UK, Spain, Germany, and other European countries.
How will the Trading 212 card benefit consumers?
The Trading 212 card, powered by Marqeta, is a debit card that allows consumers to spend on the Trading 212 platform with zero foreign exchange fees and no account fees. This means that customers can make transactions in foreign currencies without incurring additional costs. Moreover, they can earn rewards, such as cashback or discounts, on their purchases. These benefits aim to increase customer engagement and loyalty.
Marqeta’s role in the partnership
Marqeta is a global modern card issuing platform that provides Trading 212 with the technology and infrastructure to issue and manage the Trading 212 card. Marqeta’s API-first approach allows Trading 212 to build and launch new financial products quickly and efficiently, without the need for traditional card issuing infrastructure. This partnership demonstrates Marqeta’s commitment to enabling embedded finance solutions for innovators like Trading 212.
Impact on consumers
The Trading 212 card offers several benefits to consumers, including:
- Zero foreign exchange fees when spending on the Trading 212 platform
- No account fees
- Rewards, such as cashback or discounts, on purchases
- Access to a user-friendly online brokerage platform with a wide range of financial markets
Impact on the world
The partnership between Marqeta and Trading 212 represents a significant step forward in the world of embedded finance. By offering a debit card that integrates seamlessly with an online brokerage platform, Trading 212 is making financial services more accessible and affordable for a larger audience. This trend is likely to continue as more companies explore the possibilities of embedded finance, using modern card issuing platforms like Marqeta to power their offerings.
Conclusion
The collaboration between Marqeta and Trading 212 is a game-changer in the world of online brokerage and embedded finance. By offering a debit card with zero foreign exchange fees and no account fees, Trading 212 is making its platform more accessible and engaging for its customers. Powered by Marqeta’s modern card issuing platform, the Trading 212 card is a testament to the potential of embedded finance to revolutionize the way we access and use financial services. As more companies explore this space, we can expect to see even more innovative solutions that make finance more accessible, affordable, and convenient for everyone.
Marqeta’s commitment to enabling embedded finance solutions for innovators like Trading 212 is an exciting development that is sure to shape the future of financial services. Stay tuned for more updates on this and other developments in the world of finance and technology.
