Consumers increasingly want (and expect) on-demand access to their money. Mastercard with portfolio company MoneyLion want to facilitate "instant everything" to avoid the financial stress of waiting for two to seven days for checks to clear and payments to settle.
Dee Choubey, CEO of financial services provider MoneyLion, shared an example of how this expanded network and collaboration can help entities scale into new opportunities and markets — and why his company is targeting card program launches in 2020 and beyond. “MoneyLion [has been] playing a part in facilitating ‘instant everything,’” Choubey said.