Marqeta CEO says large enterprises are deepening customer engagement through payment cards

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Marqeta CEO said large enterprises are deepening customer engagement by issuing payment cards and offering embedded services, while directing users to their own apps and platforms. The company’s third-quarter net income was $115.4 million, total processing volume grew 29% year over year to $126.5 billion, and revenue was $176.2 million. Marqeta recently partnered with Coinbase to launch a stablecoin-backed payment card, and with Block to launch a commercial credit card for Square sellers.