FinTech Alliance company Pomelo Pay has partnered with Mastercard to support its customers.
Mastercard will help Pomelo build on the support it offers its SME customers globally.
Pomelo is now a Principal Issuing Member, so can issue payment cards to SMEs.
It will also be able to make direct payment settlements with Mastercard on behalf of its merchants.
What does this mean?
Pomelo enables businesses to process payments without any hardware, which has been particularly vital for smaller businesses which have had to go remote amid the pandemic. This new partnership will help it offer a wider range of services to SMEs.