Column expands offerings to compete with Mastercard and Marqeta

BVNK: BVNK is a stablecoin infrastructure provider specializing in bridging on-chain payments with traditional fiat rails across more than 130 countries. Acquired by Mastercard in 2026, it offers APIs for sending, receiving, storing, and converting stablecoins while supporting compliance and settlement. BVNK recently partnered with Marqeta to enable stablecoin-backed card programs and broader digital asset capabilities. Column: Column is a US-chartered bank that provides banking infrastructure and APIs for fintech companies, including core ledger services, payments rails, and now expanded product offerings. It powers platforms for clients such as Brex, Ramp, Mercury, Bilt, Slash, and Kapital. On September 16, 2026, Column announced native stablecoin support for USDC and USDT alongside full-stack card issuing capabilities to position itself as a comprehensive one-stop infrastructure provider for financial technology firms. Marqeta: Marqeta is a card-issuing platform that supplies modern infrastructure and APIs for debit, credit, prepaid, and other payment programs used by fintechs and enterprises. It processes large volumes of payments and focuses on customizable, embeddable solutions without requiring traditional bank relationships. In September 2026, Marqeta partnered with BVNK to add stablecoin capabilities to its card-issuing offerings. Mastercard: Mastercard is a global payments network that processes transactions across cards and other rails while expanding into digital assets. In 2026, it acquired BVNK to integrate stablecoin and on-chain payment infrastructure with its fiat capabilities, enabling broader interoperability for customers. The company supports partnerships and standards aimed at scaling stablecoin use in payments and settlement. Industry Trend: Payments companies are increasingly combining card issuing platforms with stablecoin infrastructure through partnerships to support digital dollar transactions at scale. Competitive Positioning: Column's expansion targets direct competition with Mastercard-backed BVNK and Marqeta in providing stablecoin and card infrastructure for fintechs. Stablecoin Banking Integration: Column integrated USDC and USDT directly into its core ledger, enabling real-time conversion and interoperability with traditional rails like ACH, RTP, SWIFT, and checks.