Markaaz and Mastercard have announced a new partnership in which Mastercard will bring products and services – including in the areas of payments and security – to the Markaaz platform to help support small businesses.
Small businesses spend on average 17 days a year verifying and re-verifying themselves for everything they need, ranging from bank loans, to insurance, to other services and more. Annually this represents an inefficiency of over US$1.7 trillion. Upon integration into Markaaz’s dashboard, Mastercard’s all-in-one solution will provide customers with a pre-verified community of businesses, educational resources, digital tools and best-in-class payment capabilities – everything they need to manage and grow their business.
With Mastercard, Equifax and a number of other partners, Markaaz continues to build out its suite of resources for small businesses focused on the most critical needs including support with cash flow, customer and supplier management, accounting and cybersecurity.