That would create a new digital pathway to credit for wholesalers for better cash flow management
Mastercard builds multi-stakeholder alliance with Asian bank. Source:?shutterstock.com
Mastercard and its partners N-Frnds, SGeBIZ, and Finastra have formed an alliance with the support of the Asian Development Bank.
They aim to create technology solutions to drive digital efficiency in the retail supply chain across Asia and increase wholesalers’ access to credit.
Mastercard is reported to use supply chain data from N-Frnds, SGeBIZ’s digital procure-2-pay platform to partner with Finastra and its Trade Bank customers.
Their collaboration is expected to increase the digital data available to assess creditworthiness and create new models to evaluate it.
The alliance will use N-Frnds’ mobile solution which optimizes logistics and operations. It connects Fast Moving Consumer Goods companies with wholesalers for placing orders, coordinating deliveries, and monitoring inventory levels. That would help to better communicate upcoming promotional efforts between suppliers and wholesalers.
We’ve reported that Mastercard?has announced?a virtual testing environment for central banks to evaluate CBDC use cases.
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