Marqeta partners with Bread Financial™ to provide a seamless e-commerce solution

OAKLAND, Calif.–(BUSINESS WIRE)–Marqueta (NASDAQ: MQ), the modern global card issuance platform, today announced that it has been selected by Bread Financial (NYSE: BFH), a leading technology financial services company that provides simple and personalized payment, loan and savings solutions, to improve the in-store payment experience for shoppers using Bread PayMTits flexible suite of Buy Now, Pay Later products.

Using Marketa’s platform, Bread Financial, which gives shoppers more ways to pay on the channel of their choice, will launch Bread PayMT Single-use card, offering loan in 4 and installment loan products in store and online. In-store shoppers at participating retailers will have the ability to immediately request and use their preferred Bread Pay product without downloading a third-party app for an enhanced, frictionless consumer and merchant experience.

“Bread Financial is at the forefront of innovation in the BNPL space, and this relationship continues our commitment to creating technology-based, game-changing solutions that give buyers more flexibility and choice,” said Val Greer, Executive Vice President and Chief Commercial Officer. at Bread Financial. “We are proud to partner with Marqeta to deliver new flexible payment options that will keep the merchant brand at the forefront of the purchase path and provide a smoother end-user experience.”

Marqeta’s modern card issuance platform has played a notable role in supporting the evolving Buy Now, Pay Later industry, helping to power the flexible payment solutions that have grown in popularity these last years. Almost half of consumers (47%) surveyed by Marqeta in 2021 said they had used a BNPL solution, up 27% from 2020. Working with more than 600 merchants across various verticals, Bread Financial will use many features of Marqeta’s platform, including virtual card issuance, industry-leading just-in-time funding capabilities, and tokenization innovations.

“Consumers are demanding flexible and convenient payment solutions, and growing demand for BNPL has led merchants across all industries to seek new ways to deliver that flexibility,” said Simon Khalaf, Chief Product Officer at Marqeta. “Marqeta is constantly evolving its platform and looking for ways to offer its customers the latest advancements in payments. We are excited to be working with Bread to streamline its BNPL offering and simplify the implementation of BNPL for customers in their payment experiences.

About Marqueta

Marqeta’s modern card issuance platform enables its customers to create personalized and innovative payment cards. Marqeta’s platform, powered by open APIs, empowers its customers to create more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuance technology. Its modern architecture provides instant access to a highly scalable, cloud-based payment infrastructure that allows customers to launch and manage their own card programs, issue cards, and authorize and settle transactions. Marqeta is headquartered in Oakland, California, and operates in 39 countries around the world. For more information, visit www.marqeta.com, Twitter and LinkedIn.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied by this press release include, but are not limit, quotes and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products and solutions; which payment, banking and financial services products and solutions can be successful; technology and market trends; Marqueta’s company; Marqueta’s products and services; and statements made by Marketa’s product manager. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors causing concern with changes in business, market, , financial, political and legal; the effect and uncertainties related to the global COVID-19 pandemic on the U.S. and global economies and demand for Marqeta’s services and products; the direct and indirect uncertainties and effects of Russia’s extensive military action against Ukraine, including threats of attacks on US financial institutions in retaliation against financial institutions for sanctions imposed on Russia; the risk that Marqeta may not be able to attract and further develop its customer base; the risk that consumers may not perceive the benefits of Marqeta’s products and services, including digital payment and banking products and services; the risk that Marqeta’s products and services may not perform as intended, including digital payment and banking products and services; the risk that Marqeta’s products and solutions will not achieve expected market acceptance, including digital payment and banking products and services; and the risk that competition will reduce expected demand for Marqeta’s products and services, including banking and digital payment products and services. Detailed information about these risks and other factors that could affect Marqeta’s business, financial condition and results of operations are included in “Risk Factors” disclosed in Marqeta’s Annual Report on Form 10-K. for the year ended December 31, 2021, as such. the risk factors may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqueta’s website at http://investors.marqeta.com. The forward-looking statements contained in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update forward-looking statements, except as required by law..

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