Perpay Taps Marqeta, Inc. to Power the Perpay Credit Card

Published: 2025-05-07 07:00:00 ET MQ

Published on 05/07/2025 at 07:00, updated on 05/07/2025 at 08:05

Marqeta, Inc. announced it has been selected by Perpay to power the Perpay Credit Card (issued by Celtic Bank), an unsecured credit card designed to help people build or improve their credit by automating payments directly from a paycheck. Perpay migrated to Marqeta's modern credit card platform to build a credit card experience that helps meet its goal of enabling customers to get the most out of every paycheck. The Perpay Credit Card allows users to directly link their paychecks, ensuring their card balance is paid automatically and helping them stay on top of their financial commitments and build their credit.

To expand its credit card offering, Perpay needed a card issuing platform with the speed and flexibility to reach more consumers and elevate the user experience. By deploying the Marqeta platform, Perpay can scale its credit card offering while maintaining full control over the user experience and access in-depth customer insights and modern credit capabilities to drive more meaningful interactions with customers. Perpay's migration to Marqeta's platform highlights the increasing demand for modern credit solutions that offer the scalability and flexibility to truly meet the needs of end users.

Marqeta's all-in-one credit platform allows Perpay to deliver a fully integrated digital-first cardholder experience that aligns with Perpay's brand. Perpay can unify and customize every touchpoint, from application to card issuance to everyday spending and account access, to foster deeper engagement and loyalty. Marqeta's platform allows Perpay to instantly issue virtual and tokenized cards for immediate use and access real-time cardholder data and spend controls that provide insights into how users are spending their money to help them stay on top of their finances.

Additionally, Marqeta's flexible rewards engine allows Perpay to enhance its rewards offerings, accessing individual spend data and insights to offer personalized rewards that help users earn more to spend within Perpay's marketplace and keep customers engaged.