Over the passage of time, several fintechs including Marqeta, Paymentology, Global Processing Services (GPS) and others have joined Mastercard Fintech Express program. The global fintech market exhibits ample scope for growth. The reason can be attributed to substantial investments undertaken by banks and firms in technology-backed solutions and, use of advanced technologies like application programming interfaces (APIs), AI and blockchain. This helps them to launch cost-effective products and solutions best suited to the unique needs of each customer. Per a report by Research and Markets, the Global Fintech Market is expected to witness a CAGR of 23.6% over the 2020-2025 period. It's worth mentioning that Mastercard has been the preferred choice of partners for fintechs owing to its strong brand name, extensive network and global presence. Through Mastercard Accelerate portfolio, the company aims to forge alliance with emerging businesses with a view to digitally connect 1 billion people within 2025.