SMEs are accounting for 2/3 of jobs in most countries
Mastercard provides trade solution for SMEs through new collaboration. Source: shutterstock.com
Mastercard and Octet Europe have announced the launch of a new trade solution across the European Economic Area (EEA).
With the Mastercard Trade Solution, SMEs can grow their business by managing any business transaction in a safe, real-time, and more efficient way.
International tradeis a key driver of many SMEs’ performance and competitiveness. Source: newsroom.mastercard.com
Powered by Octet, the new solution simplifies domestic and cross-border trade by enabling a reliable value chain, secure payments, and management of cash flows.
Along with that, the tool helps small business owners manage to track, validate, and authorize every step of a business transaction. They can also settle B2B purchases using cards with full visibility of all supporting trade documentation.
We’ve reported that Mastercard?has found that US e-commerce made up 22% of all retail sales in April and May, compared to 11% in 2019. The Americans are estimated to have spent more money online over that period than the last 12 Cyber Mondays combined.
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