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Marqeta, Inc. (symbol: MQ) is at the forefront of payment technology, providing a cutting-edge platform for issuing digital, physical, and tokenized payment options. Founded in 2010 and headquartered in Oakland, California, Marqeta has re-engineered how payment cards and mobile authorization products are developed and deployed. The company’s fully documented, open API issuer processor platform offers unparalleled control over how transactions are authorized, enabling companies to build, issue, and deploy innovative payment solutions.
The Marqeta platform is designed from the ground up without any legacy infrastructure, ensuring it is both modern and flexible. It integrates seamlessly with major payment networks like Visa, MasterCard, and Discover, making it easier for businesses to facilitate payments, reward customers, and improve operational efficiency. Clients include top-tier brands in financial services, e-commerce, retail, and social media, such as DoorDash, Klarna, and Block.
Engineered in California, the Marqeta platform supports a wide range of use cases, from on-demand delivery services to point-of-sale financing. The company generates revenue primarily through processing and ATM fees related to the cards issued on its platform.
Marqeta’s commitment to innovation is evident in its recent achievements and ongoing projects. Continuous enhancements to its API capabilities allow for rapid deployment of new products, maintaining Marqeta’s competitive edge in the industry. For more information, visit www.marqeta.com.
Marqeta (NASDAQ: MQ) and Branch released their third annual Gig Payments Report, revealing that gig work is increasingly relied upon as a primary income source due to rising inflation. The report, based on a survey of over 1,000 gig workers, found that 61% now rely on gig income, up from 21% in 2021. Economic instability has led 49% of workers to consider leaving traditional jobs for gig opportunities. Inflation pressures are significant, with 63% of respondents taking up additional work due to rising costs in essentials like gas and groceries. Speed of payment is crucial, as 79% would prefer instant payment options. The report highlights a shift towards digital financial services, with 65% of gig workers favoring mobile wallets.
Marqeta, Inc. (NASDAQ: MQ), a leader in modern card issuing solutions, will hold a conference call on May 9, 2023, at 4:30 PM ET to discuss its first quarter 2023 financial results. CEO Simon Khalaf and CFO Mike Milotich will lead the call.
A press release detailing the financial outcomes will be distributed after market closure on the same day. Investors can listen to the live webcast on Marqeta's investor relations website, with a replay available afterward. Marqeta's innovative platform facilitates customizable payment card solutions and operates in 40 countries globally, leveraging open APIs to enhance payment experiences.
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