Key points from today:
- Marqeta’s a part of the 4 party model (The 4.5th Network)
- “Marqeta is the system of record for its customers’ transactions”
- $MQ generates the message at the POS that’s the same across the world
- Marqeta converts that message sends it to its customer
- Marqeta’s a part of the 4 party model (The 4.5th Network)
- “Marqeta is the system of record for its customers’ transactions”
- $MQ generates the message at the POS that’s the same across the world
- Marqeta converts that message sends it to its customer
- $MQ allows companies to become the issuer processor
- “Marqeta brought this to the world and today we process a very small amount of payments”
- Typical issuer processors do a lot more and are usually on-premise solutions rather than Marqeta’s platform which is cloud-based
- “Marqeta brought this to the world and today we process a very small amount of payments”
- Typical issuer processors do a lot more and are usually on-premise solutions rather than Marqeta’s platform which is cloud-based
Marqeta built its issuing processing system from scratch and delivered it in 2015.
“We live alongside our customers”
“We live alongside our customers”
Competitive Moat
Stripe mostly focuses on the acquiring side of the ecosystem and built specific platforms for eCommerce and specific on-premise software
Stripe entered the market 4 years ago, Adyen 2 years ago
Stripe mostly focuses on the acquiring side of the ecosystem and built specific platforms for eCommerce and specific on-premise software
Stripe entered the market 4 years ago, Adyen 2 years ago
Marqeta’s building deep moats and tall walls within issue processing
Technology is difficult to replicate, but the scale at which Marqeta operates, separates itself from competition
“We are by far the most complex ecosystem and we’ve been doing this for 11 years” all at scale
Technology is difficult to replicate, but the scale at which Marqeta operates, separates itself from competition
“We are by far the most complex ecosystem and we’ve been doing this for 11 years” all at scale
- Asia will become one of the largest card markets in the coming years
- $MQ Helped Klarna go to Australia, while it helped AfterPay come to the U.S.
- $AFRM builds a number of different products on the Marqeta platform for online and offline transactions😃
- $MQ Helped Klarna go to Australia, while it helped AfterPay come to the U.S.
- $AFRM builds a number of different products on the Marqeta platform for online and offline transactions😃
“Marqeta is the engine room of the ship - everybody sees the ship move but they don’t see the complex engine that’s powering it”
Marqeta makes it incredibly easy so that the services it provides aren’t even a thought for its customers’ end users
Marqeta makes it incredibly easy so that the services it provides aren’t even a thought for its customers’ end users
Uber freight partnership - the carriers that work on the Uber freight platform would typically get paid in 30 days, now they can get paid in 2 hours
Partnered with Branch (an $MQ customer) to provide Uber with a purpose-built solution for this “network-in-network” approach
Partnered with Branch (an $MQ customer) to provide Uber with a purpose-built solution for this “network-in-network” approach
Summary of Jason’s closing remarks
“The exchange of value will go on for a long-time whether merchant-to-merchant or consumer-to-consumer and Marqeta’s modern card issuing platform is at the center of this trend.”
“The exchange of value will go on for a long-time whether merchant-to-merchant or consumer-to-consumer and Marqeta’s modern card issuing platform is at the center of this trend.”
Traditionally $V and $MA have been the global enablers for merchants and consumers to interact.
$MQ has the opportunity to play an important role in enabling companies like $AFRM to disrupt the consumer credit ecosystem
$MQ has the opportunity to play an important role in enabling companies like $AFRM to disrupt the consumer credit ecosystem
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