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Pagaya Joins Mastercard Engage to Boost POS Credit Decisions

Author

Slice of Finance Team
19 Jun

Key Highlights:

  • Pagaya Technologies Ltd. (NASDAQ: PGY) joins the Mastercard Engage program.

  • AI network to improve credit decisions for banks and fintechs at POS.

  • Collaboration to enhance financial inclusion and innovation.

  • Engage program supports over 170 partners and numerous deals in 2023.

Source (Business Wire)

Notable Quote

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“By joining the Mastercard Engage partner network, Pagaya’s AI network is continuing to transform the consumer finance ecosystem by finding new ways to help banks and merchants deepen customer relationships, without taking on incremental risk. This collaboration will help accelerate further innovation and financial inclusion in the POS space, creating more financial opportunities for more people, more often.”

Sanjiv Das, President at Pagaya

Our Take:

Pagaya Technologies' inclusion in the Mastercard Engage program marks a significant advancement in the realm of AI-driven financial solutions. This collaboration is poised to streamline credit decision-making processes, enhancing financial inclusion and innovation at the point-of-sale. By leveraging Mastercard's extensive network and Pagaya's cutting-edge AI capabilities, this partnership stands to benefit a broad spectrum of financial institutions and consumers, ultimately fostering a more inclusive and efficient financial ecosystem.