Mastercard and Fundbot collaborate on a platform aimed at optimizing B2B payments across industries, including cross-border transactions.
Mastercard, a leader in payment solutions, and Fundbot, a UAE-based FinTech company specializing in supply chain financing, joined forces to streamline B2B payment flows across industries. The companies plan to launch a payment platform that will simplify and improve financial connections between buyers and suppliers.
This innovative payment solution will launch in the UAE and Saudi Arabia, with plans to scale to other countries. Its primary focus will be on early settlement of healthcare claims and accelerated payment processing.
In the future, the project team intends to integrate Fundbot’s dynamic discount product into the platform, which will:
- accelerate cash conversion for suppliers’ receivables;
- reduce days sales outstanding (DSO);
- simplify overall B2B payment processes.
In addition, Fundbot’s product is fully integrated with leading enterprise resource planning (ERP) systems, enabling easy adoption for businesses of all sizes. It also includes the ability to apply dynamic discounts and is equipped with an AI tool that recommends the optimal discount percentage for each transaction based on current trends in a particular country and industry, increasing conversion rates.
Previously, Mastercard and JPMorgan teamed up to improve the efficiency of cross-border B2B payments through the integration of Multi-Token Network (MTN) and Kinexys Digital Payments. Moreover, the Mastercard Wholesale Program (MWP) recently launched a new solution designed to improve efficiency and security of B2B payments for travel services.
Сообщение Mastercard to Streamline B2B Payments in UAE and Saudi Arabia появились сначала на CoinsPaid Media.
