Mastercard collaborates with 4thWave to drive B2B payments across EEMEA

Posted under: MSMEs
Date: 2024-01-10
Mastercard collaborates with 4thWave to drive B2B payments across EEMEA

Mastercard has partnered with 4thWave, an innovative finance and banking-as-a-service (BaaS) digital platform provider, to streamline business-to-business (B2B) payment flows. The collaboration will leverage 4thWave’s advanced supply chain finance platform for managing B2B payments to benefit Mastercard’s commercial customers, enabling cash flow for corporate buyers and suppliers. “In line with our commitment to helping businesses worldwide transform the way they pay and get paid, we are investing in enhanced capabilities in the commercial B2B payments space. Our partnership with 4thWave, a result of our continued focus on solving for B2B accounts payable and receivables, will allow us to jointly provide enhanced value to all participants in the supply chain,” said Clyde Rosanowski, Senior Vice President of Commercial Solutions, EEMEA, Mastercard. The commercial payments market in the Eastern Europe, Middle East, and Africa (EEMEA) region presents an opportunity of $7 trillion.

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