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E-invoicing, SCF & E-procurement

MasterCard partners Eko-Pay for B2B payments solution in the APAC

Friday 17 March 2017 | 10:43 AM CET

MasterCard has partnered Eko-Pay to introduce Eko-B2B, a digital payment solution for businesses in Asia Pacific.

According to a study by McKinsey on commercial payment growth in Asia Pacific, 90% of B2B payments in the region are still conducted in cash, representing a significant opportunity to digitize the payment system.

Powered by Eko-Pay, a technology company with proprietary solutions for financial and non-financial transactions, Eko-B2B integrates with the MasterCard inControl platform.

Vendor and supplier web portals will enable round-the-clock access to current and historical payment details and dashboards that track key business performance statistics, eliminating the need for manual payment systems and their associated complications and operational inefficiencies.

More: Link
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