Mastercard Teams With KredX For B2B Payments, Pledges To 'Strengthen Supply Chains'
Portfolio Pulse from Khyathi Dalal
Mastercard Inc. (NYSE:MA) is partnering with India-based supply chain finance platform KredX to integrate its commercial card service. The collaboration aims to address complexities of B2B payments and enhance supply chain management. The partnership will allow small vendors to receive payments without the need for in-house payment gateways or POS machines. This follows Mastercard's recent collaboration with Fintech Saudi to develop the Saudi fintech industry.
September 07, 2023 | 8:35 pm
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POSITIVE IMPACT
Mastercard's partnership with KredX could enhance its B2B payment services and strengthen its position in the market. The collaboration could also attract more small vendors to use its services.
The partnership with KredX could enhance Mastercard's B2B payment services by addressing complexities and improving supply chain management. This could attract more small vendors to use its services, potentially increasing its market share and revenues.
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