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
Te puede interesar
It’s been a little over one year since I first published a list of 35 Latina tech founders who had raised more than $1 million in funding.leer más
Most corporate leaders understand that businesses have a key role to play in tackling urgent challenges such as climate change.leer más
Innovation is changing what people do and allowing to go deeper into the business.leer más