Marqeta Expands Into Brazil With New Fitbank Partnership
Portfolio Pulse from Benzinga Newsdesk
Marqeta has announced a partnership with Fitbank, expanding its operations into Brazil. Fitbank will use Marqeta as a payment processor and also serve as a BIN sponsor for Marqeta's customers looking to launch in the region.
July 11, 2023 | 11:08 am
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POSITIVE IMPACT
Marqeta's partnership with Fitbank allows it to expand into Brazil, potentially increasing its customer base and revenues.
The partnership with Fitbank allows Marqeta to expand its operations into Brazil, a large and growing market. This could lead to an increase in Marqeta's customer base and revenues, which could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100