ECONOMÍA ABIERTA

MASTERCARD PARTNERS WITH STRANDS TO BETTER SERVE SMBS: Mastercard and Spain-based Software-as-a-Service (SaaS) fintech Strands have partnered to develop a platform for digital cash management and commercial payment tools, dubbed Strands Business Financial Management (BFM), to help banks better serve their small- and medium-sized business (SMB) customers. BFM uses Mastercard’s digital payment technology and leverages AI to help SMBs better understand their finances, as well as to provide them with tailored financial recommendations. In the future, BFM users will also be able to use Mastercard In Control, which will allow them to track the use of commercial credit cards; Mastercard Merchant March Tool, which will enable them to identify merchants that accept credit cards; and Mastercard Easy Savings, which will provide them with loyalty rewards at various merchants. As SMBs are still underserved by financial services, offering a solution like BFM can potentially increase their loyalty to their banks, so more would be wise to roll out such services.

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