Commenting on the partnership, Darren Smith, 11Onze’s Chief Operating Officer said, “We chose Mastercard as a partner primarily for three reasons: security, better commercial sense and a broader acceptance as a recognised brand in the market. Moreover, the relationship with Mastercard brings immense credibility to our young fintech start-up which is already punching above its weight

With this agreement, we’re one step closer to achieving our mission of providing our customers with unique payment cards and to steadily scale up our business in the most commercially viable way. In addition,customers will get services at reduced costs and have a stronger sense of security.”

Highlighting the strength in the partnership, Paloma Real, Country Manager, Mastercard Spain said, “We are delighted to support 11onze in the launch of its new products and services. Start-ups like 11Onze usher new ways of banking with customer-centric products and offerings and bring innovation to the industry. We are very proud to be the partner of choice for fintechs around the world and we see 11Onze as a very important innovation partner in the region.”

11Onze plans to launch a series of innovative services in partnership with Mastercard in the coming year.