FinTech Alliance company Pollinate has entered into a strategic partnership with Mastercard to support SMEs.
In Brief:
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The organisations intend to bring technology, data and insights to banks that serve SMEs.
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With this global partnership, the pair will collaborate on product development, business development and marketing across the world.
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Mastercard first invested in Pollinate in 2019.
What does this mean?
Pollinate offers bank a toolkit to support their SME customers, making it easier to onboard merchants digitally and essentially offering merchants an easy to use hub where they can take payments, add loyalty programmes and more.
Both Mastercard ad Pollinate have stressed the importance of supporting small and medium sized businesses in communities around the world, especially when Covid-19 has left them vulnerable.
