This alliance with EnKash is to provide a B2B digital payment automation platform
Mastercard and B2B platform EnKash have partnered to expand the acceptance of commercial cards across India.
The platform is embedded with supplier enablement services designed to help businesses to pay using the Mastercard payment network and to accept card payments, especially for SMEs.
By leveraging the EnKash and Mastercard service, the companies can more effectively use their unused credit lines to pay for multiple types of primary and non-primary financial transactions.
The partnership between Mastercard and EnKash will allow banks to increase spending on cards and offer their customers higher profits and services. Corporations will gain improved oversight, compliance, and security to improve the efficiency of strategic purchasing and large payments.
We’ve reported that Mastercard and Bank of Kigali have launched a new campaign to encourage cashless payments.