Santander’s partnership with MasterCard will make them the first UK big five bank to issue a debit card with MasterCard; the bank will begin moving customers to MasterCard when cards expire in first quarter 2019; 95 percent of the UK’s debit card market run on Visa’s network, MasterCard is looking to eat into this market share; Matt Hall, Santander UK director of banking and unsecured credit, said to the FT that the partnership, “will enable us to give better payment solutions to our customers and look forward to rolling out the new cards from next year”. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.