Mastercard and LoanPro announced a strategic partnership to introduce "Loan on Card," a new solution designed to digitize the lending process.
The program is set to launch in 2026. It will enable lenders to disburse approved loan funds directly to consumers and small businesses. These funds will be delivered via virtual or physical Mastercard credentials.
This initiative offers a modern, flexible alternative to traditional ACH transfers. Borrowers gain instant access to capital usable anywhere Mastercard is accepted. The "Loan on Card" concept combines the structure of a fixed-term installment loan with the convenience and global reach of the Mastercard payments network.
This integration gives lenders greater control while providing borrowers with faster access to necessary capital.