Mastercard Teams With KredX For B2B Payments, Pledges To 'Strengthen Supply Chains'

Payment giant Mastercard Inc. MA is integrating its commercial card service with India-based supply chain finance platform KredX.

With AI assistance, KredX offers features like dynamic discounting, early payment options, and price discovery which will thereby improve cash flow and enhance supply chain management for both enterprises and vendors.

With the collaboration, complexities of business-to-business (B2B) payments like diverse invoicing, varied payment terms, currency differences, and reconciliation processes are expected to be addressed.

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Leveraging the Collab: The partnership allows small vendors to receive payments without the need for in-house payment gateways or point-of-sale (POS) machines.

“By integrating pre-discounting journeys with post-discounting payments, this platform will enhance companies’ operational efficiency and strengthen their supply chain management capabilities. Accelerating supply chain velocity through financial innovation has been central to KredX’s value proposition,” KredX CEO and founder Manish Kumar commented.

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The agreement comes on the heels of Mastercard's collaboration with Fintech Saudi to develop the Saudi fintech industry and support its SME sector.

Purchase, New York-based Mastercard ended its card partnership with crypto platform Binance (BNB) amid threats from regulators worldwide.

This decision will affect all four of its co-branded card programs with Binance in Argentina, Brazil, Colombia, and Bahrain, effective Sep. 22.

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