Mastercard and Microsoft Join Forces to Assist Small Businesses in Becoming Exporters

I have some exciting news to share with you! Mastercard and Microsoft have recently partnered together to support small businesses in expanding their operations and becoming exporters. This collaboration aims to provide valuable resources and tools that can empower entrepreneurs like you to reach new markets and grow your business internationally.

Now, you might be wondering how this partnership can help you. Well, let me break it down for you. First of all, Mastercard, with its expertise in facilitating secure and convenient digital transactions, will offer small businesses access to its extensive network of buyers and suppliers around the world. By tapping into this network, you can connect with potential customers and partners from different countries, opening doors to exciting business opportunities.

On the other hand, Microsoft, a global leader in technology solutions, will contribute its technological prowess to the partnership. Through its innovative software and digital platforms, Microsoft will provide small businesses with the necessary tools to streamline their operations and manage their business activities efficiently. From financial management to inventory tracking, you’ll have access to cutting-edge solutions tailored to your specific needs.

This collaboration between Mastercard and Microsoft is a testament to their commitment to supporting small businesses like yours. They understand the challenges you face when it comes to expanding your reach and seizing international opportunities. That’s why they have joined forces to offer you the guidance, resources, and technology necessary to succeed in the global market.

So, how can you take advantage of this incredible opportunity? Well, it’s simple. As a small business owner, all you need to do is explore the programs and services provided by Mastercard and Microsoft through their collaboration. Reach out to them, express your interest, and learn how their expertise can help you become an exporter and grow your business beyond borders.

Remember, you don’t have to navigate the complex world of international trade alone. With the support of Mastercard and Microsoft, you have a powerful alliance backing you up. Together, let’s embark on this exciting journey and unlock the vast potential waiting for your small business in the global marketplace.

I’ve got some exciting news for small businesses like yours. Mastercard (NYSE: MA) and Microsoft have teamed up to create a brand new solution that makes global trade and payments a breeze.

Introducing Mastercard Track

Mastercard Track works hand in hand with the systems you already use for your business transactions. It gives you extra support in managing risks from third-party vendors and suppliers, while also giving you a clearer view of your cash flow. Plus, it makes tasks like accounts payable and accounts receivable much easier and more efficient with the help of automation.

Now, let’s talk about the opportunity for small business owners in the global export market. Did you know that out of the 30 million small and medium-sized businesses in the US, only 1% (that’s just 300,000 businesses) actually export their products? And out of those who do export, only a tiny 2% sell to more than one country. These numbers come from the US International Trade Administration.

Let me tell you about Mastercard Track. It’s a way to make global trade easier and save a lot of money in the process.

In a press release, Michael Froman, who works at Mastercard, explained what’s happening. He said, Even though paying for things has gotten better for consumers, it’s still a big problem for businesses that trade globally. They have to deal with a lot of manual work and old-fashioned payment systems.

Froman keeps on talking and says, This causes a ton of problems and costs a lot of money. It slows down global trade and makes things really complicated. But with Mastercard Track, we have a solution. It’s a tool that will make global trading easier and help small and medium-sized businesses export more.

A Faster Way to Buy and Sell on a Large Scale

I’m Peggy Johnson, an executive vice president at Microsoft, and I want to tell you about an exciting collaboration. We’ve partnered with Mastercard to create a more efficient buying and selling process for everyone.

This partnership will benefit organizations of all sizes by adding value to both the front and back office. In other words, it will improve how businesses operate in every aspect.

But what does this collaboration entail? Well, Mastercard is bringing its B2B assets to the table. This includes account-to-account and card payment solutions, fraud management, data analytics, and payment gateway services. On the other hand, Microsoft is contributing its powerful global Azure cloud ecosystem to support Mastercard Track.

But it doesn’t stop there. We’re also teaming up with nine other B2B networks and procure-to-pay solution providers. These include Basware, BirchStreet, Coupa, the Infor GT Nexus Commerce Network, Ivalua, Jaggaer, Liaison Technologies, Tradeshift, and Tungsten Network. Together, we’re creating a robust network that will revolutionize how businesses buy and sell.

When it’s up and running, the Track Trade Directory will let me and other users keep, find, and share important info about ourselves and our partners. This directory has over 150 million company registrations from all around the world. It gets updated regularly with info from over 4,500 compliance lists.

Payments in Global Export

As businesses in the global export field, we face a bunch of challenges. One is figuring out all the different ways to get paid. It can be confusing, and there isn’t much clarity. Plus, most transactions still happen on paper.

But with this amazing new solution, the company says it’ll connect account-based, card-based, and bank transfer payment systems. It’ll also include info on purchase orders and invoices. The goal is to make things easier and simpler when it comes to handling the paperwork and keeping everything in order.

I’ve got some exciting news for you. Mastercard Track is about to launch, and it’s going to bring some amazing benefits to a whole range of businesses. I’m talking about B2B networks, banks, insurance companies, and technology firms. They’re all going to have a chance to level up their game by offering some awesome value-added services.

Let’s take banks, for example. With Mastercard Track, they’ll be able to give businesses on the platform access to trade and supply chain loans. How cool is that? And technology companies won’t be left behind either. They’ll have the opportunity to offer advanced data analytics, which will help businesses make smarter decisions and boost their success.

But here’s the best part: Mastercard Track is going live in early 2019! That means all these incredible opportunities will be right at your fingertips very soon. So get ready, because this is going to be a game-changer!