Cirralto partners Mastercard and Fresh Supply Co to provide access to trade finance

Tuesday 3 August 2021 13:02 CET | News

Cirralto, a B2B payment services business, has leveraged the Mastercard Provenance Solution and the Fresh Supply Co digital supply chain network to provide Australia’s farmers with access to trade finance. 

By embedding operational data from the Fresh Supply Co network into the Mastercard Provenance Solution, traceability is facilitated across product journeys. Through supply chain insight, financial institutions leverage data-driven credit decisions to drive lending confidence and increase trade finance opportunities for farmers.

According to the official press release, cash flow problems have plagued the agricultural industry, and while initiatives such as the Australian government’s New Payment Times Reporting Scheme are a step in the right direction, a collaborative effort across public and private sectors is essential. 

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Keywords: partnership, Mastercard, cash flow, B2B payments, trade finance
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Australia
This article is part of category

Blockchain & Cryptocurrencies