MASTERCARD announced a new business-to-business payments solution in Asia Pacific with the launch of Mastercard Track™ Card to Account Transfer, allowing businesses to use commercial cards to pay Suppliers regardless of whether they accept card payments. Mastercard Track is a global suite of products and services that streamline business-to-business (B2B) payments. The Mastercard Track Card to Account Transfer solution in Asia Pacific is one of many offerings – including the Mastercard Track Business Payment Service and Commercial Purchasing Card – that address complex challenges for Suppliers and Buyers. In Asia Pacific, Mastercard Track Card to Account Transfer allows issuing customers to offer businesses a financing option providing extended credit and greater efficiency in accounts payable. “Mastercard is now offering even more choices to issuing customers in how they provide and adapt value-added services to businesses,” said Mostafa Sabet, vice president, Product Management, Asia Pacific, Mastercard.

Source: Manila Times November 26, 2020 05:48 UTC