Mastercard Opens ‘Assemble,’ New Money Management Platform for Millennials

Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.

The platform, called “Mastercard Assemble,” is described as a “prepaid innovation hub” which allows Mastercard partners or issuers to provide checking, budgeting, and payment features, as well as additional money management tools to their customers.

Partners can integrate specific features from the platform into their own networks, or white-label the Assemble solution, Mastercard said. Payments on the platform will be powered by the company’s Mastercard Send platform.

The first product available on the Assemble platform will be geared towards millennial users, Mastercard said.

The product will offer these millennial customers easy ways to manage their money though tools including a digital prepaid account and an accompanying mobile app, as well as a payment card: both physical and digital.

Read more at Mastercard and BusinessWire.

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