Mastercard has launched a new digital platform, dubbed Assemble, to address the holistic money management needs of millennials.

The new platform is designed to allow Mastercard issuers and partners to provide checking, budgeting and payment features to their customers.

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The platform will allow customers to use a valid debit card to make near-real time payments through a P2P service powered by Mastercard Send in the US.

Currently, the firm is working towards expanding the usage of its new platform from millennials to underserved consumers, microbusinesses and the gig economy within next year.

Mastercard senior vice-president of global prepaid product development and innovation Tom Cronin said: “This technology enables our partners to deliver best-in-class digital experiences today, as we work to address additional segments such as gig economy workers and underserved consumers and micro businesses.”

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