{"id":503677,"date":"2021-07-30T06:58:09","date_gmt":"2021-07-30T05:58:09","guid":{"rendered":"https:\/\/ibsintelligence.com\/?p=503677"},"modified":"2021-09-21T12:12:23","modified_gmt":"2021-09-21T12:12:23","slug":"marqeta-partners-with-google-pay-to-power-the-new-google-pay-balance-card","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/marqeta-partners-with-google-pay-to-power-the-new-google-pay-balance-card\/","title":{"rendered":"Marqeta partners with Google Pay to power the new Google Pay Balance Card"},"content":{"rendered":"<p><a href=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-497520\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay-300x300.jpg\" alt=\"Marqeta partners with Google Pay to power the new Google Pay Balance Card \" width=\"203\" height=\"203\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay.jpg 300w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay-100x100.jpg 100w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay-60x60.jpg 60w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/05\/Google-Pay-90x90.jpg 90w\" sizes=\"auto, (max-width: 203px) 100vw, 203px\" \/><\/a><a class=\"editor-rtfLink\" href=\"http:\/\/www.marqeta.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Marqeta<\/span><\/a><span data-preserver-spaces=\"true\">, the global payment processing and cash issuing platform provider, has announced that its modern card issuing platform will power the new virtual <a href=\"https:\/\/t.co\/I9rRUQd6kW?amp=1\">Google Pay<\/a> balance card.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The virtual Google Pay balance card, powered by Marqeta, allows users to spend their Google Pay balance through a virtual card tokenized into a mobile wallet and used at accepting merchants. Previously, Google Pay balance users could use their balance for person-to-person (P2P) payments, purchases on eligible Google-owned properties, or they could transfer their funds to their bank account. With the new virtual card, Google Pay users can now make purchases directly from their Google Pay balance.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe power of modern card issuing is being able to embed a card into an app like Google Pay and create completely new vectors of commerce that change how consumers relate to their money. Marqeta\u2019s modern card issuing platform is designed to be able to help the world\u2019s most innovative companies execute game changing products at scale, and it\u2019s hard to find a company that embodies this more than Google. We\u2019re honored to be working with Google Pay,\u201d said Jason Gardner, founder and CEO of Marqeta.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Contactless payments and mobile wallet use have surged during COVID-19 shutdowns as people have shifted away from paying with cash or physical debit cards. Marqeta enables companies to instantly provision a tokenized card into a mobile wallet, allowing cardholders to instantly begin spending without having to manually enter card numbers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe are always looking for ways to make Google Pay more helpful to our users. By working with Marqeta, we are able to give our users another way to spend the funds in their Google Pay balance, making it even easier to pay for everyday items,\u201d said Tarun Bhatnagar, VP, Payments Americas, Google Pay.<\/span><\/p>\n<p style=\"text-align: left\"><span data-preserver-spaces=\"true\">Founded in 2010, <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/payfare-partners-with-marqeta-to-bring-instant-payout-and-digital-banking-solution-to-the-gig-economy\/\">Marqet<\/a>a\u2019s modern card issuing platform empowers its customers to create customized and innovative payment cards. The firm supports some of the leading innovators at scale, including Square, Goldman Sachs, J.P. Morgan, Uber, Affirm, Instacart, and DoorDash, by providing advanced infrastructure and tools for building highly configurable payment solutions.<\/span><\/p>\n","protected":false},"author":14,"featured_media":141722,"parent":0,"template":"","categories":[11378],"tags":[11868,12695],"class_list":["post-503677","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-open-banking","tag-america","tag-marqeta"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marqeta partners with Google Pay to power the new Google Pay Balance Card<\/title>\n<meta name=\"description\" content=\"Marqeta and Google Pay partner to help power the new Google Pay Balance Card, providing users with more ways to use their Google Pay balances\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/marqeta-partners-with-google-pay-to-power-the-new-google-pay-balance-card\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marqeta partners with Google Pay to power the new Google Pay Balance Card\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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