Fintech
Thredd Taps Discover the global network to accelerate expansion in APAC and Europe
Of Fintech News Singapore
June 6, 2024
Thredd, a growing global payments platform, announced its partnership with Discover Global Network at the Money20/20 Europe event.
This collaboration aims to meet growing demand from Thredd customers for more flexible card programs, particularly those requiring cross-border card issuance.
Discover Global Network, which processes billions of transactions for more than 305 million cardholders globally and is accepted at more than 70 million merchant locations, will enhance Thredd’s service offerings.
In the coming months, Thredd customers will have access to Discover’s network, starting with the issuance of virtual cards through Diners Club International.
This partnership is expected to support Thredd’s international expansion, enabling customers in Europe and the APAC region to manage card programs on the Discover Global Network.
This partnership follows Thredd e’s recent expansion efforts new hiring of managers.
Jonathan Vaux
“Our recent integration into the Discover Global Network will allow us to develop additional revenue streams, access new markets for our customers and support both our international expansion and that of our customers.
Our growing suite of partners is designed to give customers financial flexibility to meet each business’ customized needs.”
said Jonathan Vaux, Head of Propositions & Partnerships at Thredd.
Tribh Grewal
“By partnering with Thredd, we can expand acceptance of our network and provide flexible, convenient and more secure transactions to even more customers internationally.
This alliance will allow Discover Global Network to operate more seamlessly, accessing new markets around the world.”
said Tribh Grewal, head of Altpay, Fintech and merchant solutions at Discover.
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