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Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned subsidiary, Carta Worldwide, has expanded into Japan in support of the TransferWise launch of its multi-currency debit card in the country.
According to Mogo, Carta’s modern open-API issuer platform powers solutions for banks and fintech companies across Europe, North America, and the Asia Pacific.
“Carta enables the issuance of virtual and physical card solutions to support innovative solutions for businesses and platforms that are looking to deploy payment products and embedded financial services.”
Speaking about the launch, Peter Kaju, CEO of Carta, stated;
“Our flexible platform offers unlimited opportunity for product innovation and is well positioned to meet the requirements of next-generation payments programs. We are extremely excited about the level of innovation in Japan and thrilled to be entering the market and offering Carta’s technology as a partner for card issuance in the Japanese market.”
Founded in 2003, Mogo describes itself as a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances.
“The platform has been engineered to deliver a best-in-class digital experience, with best-in-class financial products all through one account. With more than 1,000,000 members and a marketing partnership with Canada’s largest news media company, Mogo continues to execute on its vision of becoming the go-to financial app for the next generation of Canadians.”
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