Digital payments company Payoneer is partnering with Mastercard to offer small businesses a digital payments card.
The Payoneer Digital Purchasing Mastercard will allow the company’s customers to make global purchases, connect to mobile wallets and digitally access multiple cards that help streamline business expenses, such as advertising services from Google, Facebook and Amazon.
“Small businesses will be empowered to choose how they pay and get paid and have immediate access to funds earned, which is critical as the demand for digital payments continues to accelerate,” Sherri Haymond, Mastercard’s executive vice president of digital partnerships, told CNBC.
The deal between Payoneer and Mastercard comes amid an unprecedented surge in the demand for contactless and digital payment solutions during the Covid-19 pandemic, which has benefited technology giants like Apple as well as fintech companies including Square and PayPal.
Do you know your value? Kick-off the new year with a valuation exercise and position yourself for success in 2021. With the industry’s foremost expert on valuations, The Strawhecker Group (TSG) works with clients to arm them with critical decision-making information.
What should you be doing right now?
Determining the value of a merchant portfolio is not a simple task. Luckily, TSG can position you for success with its unique “bottom up” approach analyzing the minutia of every merchant in the portfolio in order to accurately access its value. Email us to get started today.
Learn more about TSG’s valuations, matchmaking, and due diligence support and check out some content below that may help as you strategize for 2021.