TRANSFORMACIÓN DIGITAL Mastercard Launches Track

19 de Septiembre, 2018

Tiempo estimado de lectura: 2 minutos

Mastercard on Wednesday launched Track, a new business-to-business (B2B) trade and payments platform, in partnership with Microsoft.

The platform, which is designed to “simplify and enhance how companies around the world do business,” is focused on accounts payable management, and grants companies access to a database of over 100 million companies that they can use to identify and screen payees, as well as exchange information before transacting. Track, which is slated to launch early next year, is payment agnostic and allows firms utilizing it to pay with ACH, real-time ACH, and cards. For Mastercard, this could be a big opportunity: B2B payments are worth $120 trillion globally, according to the firm, but tend to be paper-heavy, inefficient processes — especially for smaller businesses.

Track helps reduce some of that friction and digitizes aspects of B2B payments, if not the entire process, which in turn could appeal to customers and allow Mastercard to capture some of that market — even a 1% share could give Mastercard $1.2 trillion in new volume annually — accelerating growth of its own business.

Fuente: Business Insider

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