Tech

Pomelo chooses Mastercard to boost SME offerings

Pomelo Pay, a digital payment platform, has partnered with Mastercard to help London-based companies with a global focus build support to deliver a wide range of products and services to business customers around the world.

As a key issuing member, Pomelo can issue payment cards directly to the small and medium-sized enterprise (SME) customer base and make direct payment payments with Mastercard on behalf of merchants, allowing customers to make payment journeys and their merchants. Helps you gain faster access to their work capital.

With Pomelo, businesses can receive payments from anyone anywhere (physical or digital) at low cost, without the need for hardware. Its flexible approach allows companies in different sectors (construction and trade, food and beverage, travel, hospitality, etc.) to operate safely and reliably while adapting quickly to changing situations.

The new partnership with Mastercard will help Pomelo survive the current difficult economic climate by expanding the support it provides to growing businesses, digitizing, adopting new payment technologies and relieving the pain of financial managers. It’s an important milestone to do.

The partnership with Mastercard was awarded an electronic money license by the Financial Conduct Authority (FCA) in November 2020, providing a streamlined payment process by clients and achieving Payment Card Industry (PCI) compliance before Pomelo. Based on other recent developments. Level 1, the strictest PCI level on the payment processing platform.

Vincent Choi, co-founder and CEO of Pomelo Pay, said: “The partnership with Mastercard is a big moment in Pomelo’s journey and plays a key role in our mission to offload a growing business by offering low-cost options. A user-friendly tool that relieves the pain of.

“There are some exciting projects in the 2021 pipeline and we look forward to working with partners such as Mastercard to enter the next phase of growth.”

Edoardo Volta, Head of Fintech at Mastercard UK & Ireland, commented: .. “

Founded in 2017 by a team of financial services and technology specialists, Pomelo not only takes steps to help companies respond to Covid, but also lifts blockade restrictions and subsequently recovers.

Pomelo chooses Mastercard to boost SME offerings

Source link Pomelo chooses Mastercard to boost SME offerings

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