MACH Alliance taps into FinTech as PayPal becomes first company to join Supporter membership category
MACH Alliance, a group of tech companies focused on advocating for open, best-of-breed technology ecosystems, has announced PayPal as the first company to join its new Supporter membership category.
The move represents the expansion of MACH Alliance into the FinTech sector.
The Supporter membership category is for companies that sit outside of the requirements for MACH certification but who have a strong association with MACH technology and the ecosystem.
Those could include large technology companies, financial services organisations, government bodies, private foundations, academic institutions and private equity or venture capital firms.
“The PayPal Channel Partner team are big believers and promoters of composable commerce and its benefits across the FinTech landscape,” says David Bruce, VP, Global Head of Channel Partnerships, PayPal.
“We’ve long been working with other technology providers to deliver a complete commerce solution for merchants that’s built around MACH principles. We’re eager to work with the MACH Alliance and its members to continue promoting the many upsides of MACH within our industry.”
PayPal already works with several MACH Alliance members in various capacities including BigCommerce, Bold Commerce and EPAM.
The company provides payment processing services as part of the commerce platforms from BigCommerce and Bold Commerce, and EPAM develops integrations to enable PayPal payment services for both partners and merchants.
“It’s a natural fit to have PayPal formally engaged with the MACH Alliance given the close work they have long been doing with many of our members,” says Holly Hall, MACH Alliance Managing Director.
“Having their trusted brand associated with the Alliance will open doors for both parties in a big way.”
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