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Sunday, October 17, 2021
Home News Blockchain Startup Stack Partners With Mastercard To Launch The First Digital Money...

Blockchain Startup Stack Partners With Mastercard To Launch The First Digital Money Account With Mobile Tap-to-pay Functionality

Canadian Blockchain-fueled startup STACK announced a partnership with Mastercard today, two weeks ahead of its official Beta launch. More than 20,000 Canadians have registered for the Beta app, which will begin onboarding users this month through Google Play. A public launch for both Android and Apple devices is planned for later this year.

STACK is reinventing financial services with a fee-free alternative to traditional banking. Combining advanced machine learning with customizable tools, the STACK app delivers a smarter way to spend, save and share your money, straight from your smartphone. STACK will be the first financial services provider to offer instant access to multi-currency and crypto wallets as part of a 360-degree solution to personal finance.

STACK accounts will include a chip-and-pin Mastercard prepaid card, providing seamless and secure point-of-sale access to worldwide retailers, global ATM networks and Purchase Protection on every transaction.

“Partnering with Mastercard supports our mission to provide a better alternative to traditional financial services, without compromising convenience or reliability,” said Miro Pavletic, Co-Founder and CEO of STACK. “Mastercard is a trusted technology expert in the payments industry, and we’re committed to working with the best of the best.”

“Canadians want to manage their money on their own terms and STACK is giving them that ability,” said Patrick Sulston, Vice President of Market Development in Canada, Mastercard. “With a Mastercard prepaid card inside the STACK app, Canadians can easily, securely and conveniently access their funds and shop in-store and online.”

STACK is the first financial technology company in North America to offer members a mobile tap-to-pay option attached to a digital money account, enabling members to pay with their mobile phones. Other features like automated savings, instant rewards and social sharing provide a lifestyle-focused approach to financial services.

“Canadians deserve better than what’s available in the current market,” said Pavletic. “With the advancements of tech-enabled financial services, we can finally offer a replacement to legacy institutions with a new, more consumer-friendly alternative.”

STACK is reinventing financial services and putting Canadians in control of their money. Using intuitive technology and customizable tools, STACK delivers a smarter way to spend, save and share your money fee-free and straight from your mobile. Features like mobile tap-to-pay, automated savings, real-time notifications and relevant rewards empower people to make the most of their money so it’s there for what really matters.

For more information, visit: www.getstack.ca.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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