The two companies will work closely to better meet the needs of the B2B market. As part of this partnership, Mastercard will provide Payoneer with access to innovative new products and benefits to better meet the needs of their customers, while Mastercard will benefit from Payoneer’s global B2B footprint, gaining access to the company’s ecosystem of more than 5 million businesses.
Through the new Payoneer Digital Purchasing Mastercard, businesses receiving payment through Payoneer benefit from:
immediate access to funds earned, which they can now invest into their growth through digital advertising platforms such as Facebook and Google;
making purchases anywhere around the world where Mastercard is accepted, and the ability to connect the card to mobile wallets;
access to multiple cards, facilitating the management of expenses for businesses across platforms, storefronts, and product lines;
virtual card access, providing SMBs with choice in how they pay and get paid.
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