Monese and Mastercard have today announced that they are entering a strategic partnership to better serve the underbanked across Europe. The companies have teamed up to provide better financial services to those relying on the gig economy, the self-employed and those living abroad.

Norris Koppel, founder and CEO of Monese, said: “This significant deal further develops an ambitious localisation strategy we have been pursuing for a number of years and positions us well for the next stage of our growth in the UK and European markets.

“We are committed to delivering more local experiences for our customers across multiple European markets, as well as making it easier for those who have previously been underserved by traditional banks to manage their money.”

Read AltFi’s coverage of the announcement here

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