Marqeta and Payfare announced a strategic partnership to expand the reach of Payfare's platform across the global gig economy. Marqeta's modern card issuing platform is certified to operate in 36 countries with focused efforts to quickly enter into new growth markets. This partnership lays the foundation for Payfare and Marqeta's powerful collaboration to bring Payfare's instant payout and digital banking solutions to gig platforms and their workforces worldwide.

The Marqeta-Payfare partnership will combine Payfare's full-service digital banking apps and modern UI, relied upon by some of the large on-demand platforms in the world to power instant payouts, with Marqeta's card issuing and payment processing capabilities, offered through its modern, open-API platform. It comes at an opportune time as workers around the world are considering contract work in increasing numbers, attracted by the faster pay, flexibility and control that comes with the gig economy.