Money20/20: reuniting the great of European innovation

We came, we saw and we had an amazing time.

Like an unforgettable school reunion, Money20/20 brought the innovator class back together following the pandemic-forced break, for three high velocity days of financial technology insights and project collaboration.

After a frenetic build-up to the event, for which the Marqeta Europe team produced a groundbreaking new research paper on the modern lending landscape, colleagues from our London offices descended on the RAI Amsterdam Convention Centre eager to share ideas, catch up with friends and answer paytech questions.

In addition to hours of engaging networking, highlights came thick and fast between June 7 and 9, and a packed programme of panel sessions meant there were learnings from all four corners of the payments ecosystem. Our own team members participated too, with Marqeta’s chief operating officer Vidya Peters sharing her expertise with a panel on the future of point of sale (POS) innovation.

Vidya told the audience that POS is an area in which our modern card issuing and payment processing platform is enabling new, personalised experiences for all sorts of use cases, including buy now, pay later and crypto exchanges to name but a few.

The launch of Marqeta’s new research paper (Seeking out the alternatives: how consumers are engaging with the Lending 3.0 landscape) at Money20/22 also turned heads, with a range of media outlets reporting on the findings, which included: 70% of respondents feeling that the experience of getting a loan is a decade behind online banking 80% believing that lenders try to obscure the final cost of a loan; 45% also don’t know what their options are if a loan is denied 49% being up for taking out a cryptocurrency-secured loan; 69% of NFT owners open to using their assets as collateral for a better loan 75% showing an interest in responsible lending options that will benefit their community

We also announced an exciting new partnership with global transfer specialist Western Union, which will be using Marqeta’s open API platform to offer its entire remittance service online, allowing funds to be disbursed to a physical or virtual Visa card. The move will enable Western Union to extend its relationship with customers, creating an enhanced banking experience by connecting cards to its new WU+ app – which coincidentally has been built on Mambu, a longstanding ecosystem partner of Marqeta.

This thrilling programme was all capped by daily wind-down sessions featuring informal conversation, drinks and music on the Marqeta booth. We are truly grateful to everyone who accepted our invitations and joined us for a chat over a beer. Here’s to repeating the experience soon.

Should there have been an award for the busiest Marqetan; clocking up the most meetings over the course of the event, surely our Partnerships Manager David Woodward would have won! He and the rest of the team really enjoyed meeting with so many people wanting to discuss opportunities to collaborate, so thank you to everyone who kept the team busy in engaging and interesting conversations that we look forward to progressing.

However, whether you attended Money20/20 or not, our team is available to talk about payments innovation and collaboration. Get in touch today via live chat – www.marqeta.com/uk or call 0203 047 1669