Marqeta Surges Amid Announcement Of The First Partnership To Create Virtual Cards And Loans

The value of Marqeta stock has achieved significant growth this month. Yesterday, the stock jumped by 13.51% and traded at the price of $32.10. This is still the highest figure in six months. Today, Marqeta stock rose by 5.36% and is worth $33.82 in pre-market trading. Marqeta (MQ) stock began to grow after the company and Amount announced the first partnership to create virtual cards and loans, which will help banks quickly enter the “Buy Now, pay later” system.

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According to a press release, the partnership bridges the digital tools gap that prevents many banks from entering the BNPL (buy now, pay later) market, allowing them to enter the market with a BNPL offer and a virtual card in as little as a few months, increasing revenue, capturing market share, and increasing loyalty online and in-stores. The company continues to develop the platform to provide banks with the flexibility and tools they need to create highly effective point-of-sale interactions.

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