Thredd, the AI-first issuer processing platform, today announced that iPayLinks, a leading cross-border payment and capital settlement platform, has selected Thredd to power its new Mastercard virtual commercial debit card programme.

The programme, expected to launch by the end of Q3, extends iPayLinks’ cross-border proposition into card issuing, giving its customers a fast, secure way to move and spend funds across markets. Through the partnership, iPayLinks acts as the self-issuer and retains control of its card programme and spend controls, while Thredd delivers the processing layer, including: BIN and programme set-up, 3D Secure, and fraud and transaction monitoring, all through a single, cloud-native platform built for speed to market and scale.

“iPayLinks has built a comprehensive platform that helps businesses simplify the movement and management of funds across borders,” said Damien Gough, Head of APAC, at Thredd. “The addition of virtual commercial debit cards represents a natural extension of that proposition, giving iPayLinks and its customers another secure and efficient payment option. We are pleased to support the launch with the scalable processing infrastructure, fraud monitoring and payments expertise needed to operate a modern commercial card programme.”

“Businesses operating internationally need payment solutions that are secure, flexible and designed around the realities of cross-border commerce,” said Gunther Zhen, Founder and CEO at iPayLinks. “By working with Thredd, we are expanding the capabilities available through the iPayLinks platform and creating a more complete payment experience for our customers.”

The partnership also reinforces Thredd’s continued growth across Asia Pacific, where it supports fintechs and payment providers seeking to launch card propositions designed for regional and international use cases. Through its global platform, scheme connectivity and local payments expertise, Thredd enables clients to bring debit, prepaid, credit and virtual card programmes to market and scale them across multiple geographies.