Mastercard partners with Pollinate to help serve SMEs across the globe

By Aisling Finn on Friday 14 August 2020

Digital Banking

The collaboration will strengthen Pollinate’s toolkit for SME-focussed banks.

Mastercard partners with Pollinate to help serve SMEs across the globe
Image source: Alastair Lukies/Pollinate

Global payment processing giant Mastercard has today announced a strategic partnership with cloud-based SME toolkit Pollinate. 

The strategic collaboration will see the two companies provide SME-focussed banks with the latest technology and data insights to further support the global SME banking arena. 

Pollinate’s platform takes existing data from banks and other financial systems to help the bank’s SME customers. 

The fintech’s platform uses existing bank infrastructure to helps merchant manage and grow their businesses, with bank-grade security, all in one place. 

Zahir Khoja, executive vice president of merchants solutions and partnerships at Mastercard, said: “Small businesses have an outsized impact on the global economy. We’re committed to powering small businesses globally, helping them sustain themselves with the right tools, network innovation, insights, services and assistance to thrive in the digital economy.” 

“Our work with Pollinate and the wider issuer and acquirer solutions ecosystem supports our collective goal to offer digital payment solutions for small and medium size businesses to deliver a seamless experience for their customers in a time of need.” 

The new partnership will see Mastercard’s products and payment solutions, such as deeper insights and a more robust ecommerce platform, added to Pollinate’s portal. 

Alastair Lukies CBE, founder & CEO of Pollinate, added: “With SMEs being the cornerstone of the global economy and providing half the world’s jobs, supporting their growth and recovery has never been more important.” 

“Both Pollinate and Mastercard are passionate about working with banks to bring SMEs best in class services. Mastercard has demonstrated a long commitment to SMEs, and we are honoured to deepen our partnership.” 

Founded in 2017, Pollinate has worked with several big banks including NatWest, where it helped to build a new open banking payment service. 

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