FinTech Magazine June 2025 | Page 48

FRAUD & ID VERIFICATION
they come to work and the expectation is that they’ ll get the same thing,” Raj notes.“ Meeting their expectations is another key benefit.”
Mastercard’ s approach: Global platform, local solutions Mastercard delivers VCN technology through a strategy that balances standardisation with customisation. The company develops global platforms that can be adapted to specific regional and industry requirements.
“ The way I describe Mastercard is we have global scale and local relevance,” Raj says.“ We build at scale, but then we deliver it locally through partnerships and relationships that bring ecosystems together.”
The virtual card platform is a prime example of this approach, providing consistent core functionality while accommodating the varying needs of different markets and industries.
This flexibility allows Mastercard to serve diverse business environments effectively. WATCH NOW
Mastercard is modernising commercial payments with embedded virtual card technology