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FINANCIAL TECHNOLOGY | Staff Reporter, Singapore

Mastercard expands B2B payments scheme to Asia Pacific

It will help businesses manage cashflow.

Mastercard has expanded its B2B payments solution Track to Asia Pacific with the launch of the Track Card to Account Transfer, a statement read.

The new solution in the region will help businesses manage cash flow, eliminate manual work and expand payment options as suppliers can receive card payments by buyers directly in a bank account.

Mastercard Track Card to Account Transfer also allows issuing customers to offer businesses a financing option providing extended credit and greater efficiency in accounts payable.

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