Mastercard and LoanPro Announce Partnership to Modernize Lending

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PURCHASE, N.Y. & SALT LAKE CITY--(BUSINESS WIRE)--Dec 16, 2025--

Mastercard and LoanPro today announced a new strategic partnership to launch Loan on Card, a solution designed to enable lenders to deliver loans to approved consumer and small business borrowers through virtual and physical card-based experiences. Set to launch in 2026, Loan on Card will provide borrowers with instant access to funds that can be used anywhere Mastercard is accepted.

Powered by Mastercard’s global payments network and Mastercard Installments Program, Loan on Card will be structured to allow lenders across all asset classes to combine the structure of a fixed-term installment loan with the convenience of a Mastercard card. This approach will give lenders greater control over loan enablement while providing borrowers with speedy access to funds. LoanPro will work with issuing banks and lenders participating in Mastercard Installments in order to enable the launch of Loan on Card.

A New Way to Lend: Loan on Card

The Loan on Card offering reflects the ongoing evolution in the secular shift in lending. Traditionally, loan providers have relied on ACH transfers to disburse funds, a method that can have drawbacks of immediacy, flexibility, and digital reach. The Mastercard LoanPro partnership aims to introduce a digitized alternative for small businesses, similar to how other verticals like consumer payments have evolved to introduce new digital offerings.

The Loan on Card concept is designed to enable lenders to deliver fixed-term installment loans directly to approved borrowers via a Mastercard Installments Credential and provisioned to a mobile wallet by default. Borrowers, whether individual or small business owners, would have the ability to use the funds online or in-store. Repayments would be made in predictable installments, without revolving balances. The Loan on Card offering also has the prospect of strengthening relationships for lenders with consumer and small business customers by providing instant access to capital through permissioned data, new loyalty programs, while benefiting from the safety and security of the Mastercard network.

“The Loan on Card concept is a powerful example of how technology can simplify lending for financial institutions and borrowers. Together, Mastercard and LoanPro intend to help lenders to deliver flexible funding to consumers and small businesses with the reach and trust of the Mastercard network,” said Stefany Bello, senior vice president, Digital Partnerships, Fintech & Enablers, U.S., at Mastercard.

“Loan on Card has the potential to empower lenders to innovate while maintaining full control over the customer experience," said Rhett Roberts, CEO and Co-Founder. “The launch of the Loan on Card program will offer a new way for lenders to deliver loan funds directly to into the hands of consumers and small businesses via the Mastercard card in their virtual wallet on their phone, and ready to go.”

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com

About LoanPro

LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ lenders use LoanPro to holistically upgrade their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core.
www.loanpro.io

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CONTACT: Jasmine Chen

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KEYWORD: UTAH NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE BANKING MOBILE/WIRELESS PROFESSIONAL SERVICES PERSONAL FINANCE FINTECH DATA MANAGEMENT PAYMENTS TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SMALL BUSINESS FINANCE

SOURCE: LoanPro

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PUB: 12/16/2025 08:00 AM/DISC: 12/16/2025 08:00 AM

http://www.businesswire.com/news/home/20251216985410/en