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Stock impact report

Marqeta Expands Partnership with Lydia to Power New European Digital Bank Sumeria [Yahoo! Finance]

Marqeta, Inc. - Class A (MQ) 
Company Research Source: Yahoo! Finance
AMSTERDAM, June 04, 2024 BUSINESS WIRE Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced it is powering the new digital banking application Sumeria , launched recently by French payments leader Lydia Solutions (the company behind the Lydia app). Sumeria has unveiled new digital banking capabilities including a remunerated current account, and plans to expand quickly throughout Europe, thanks to the scale and global reach of Marqeta's card processing platform. Marqeta's platform has had great adoption across Europe, and the company announced today it saw an 86% jump in European total processing volume from Q1 2023 to Q1 2024. Marqeta began partnering with Lydia Solutions in 2019 to power its peer-to-peer payments app, and has helped it scale to serve 8 million users throughout France, Belgium, Spain and Portugal. Sumeria aims to simplify banking with its easily accessible app designed to Show less Read more
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