Mastercard is bringing together nine business-to-business networks and procure-to-pay solution providers to roll out a new global trade platform, which will help firms manage their supply chains, payments, compliance and working capital.
Mastercard Track, which is set to go live in early 2019, will also be “blockchain ready”.
The first capabilities will be around compliance and payment management, with the intention to expand so that banks can offer financing products to firms that use the platform.
Speaking to GTR, Carlos Menendez, president of enterprise partnerships at MasterCard, describes Mastercard Track as a “one-stop shop” for firms to manage their accounts receivables across multiple networks. The nine partner networks include Basware, Birchstreet, Coupa, the Infor GT Nexus Commerce Network, Ivalua, Jaggaer, Liaison Technologies, Tradeshift and Tungsten Network. Read more
Source : Gtreview