On Tuesday payments company Mastercard announced it has joined Marco Polo, the trade finance blockchain network.
The aim is to integrate Mastercard Track, a B2B digital platform developed in partnership with Microsoft and launched last year. The solution provides business identity information on more than 210 million entities worldwide. Track targets international trade, aiming to help with payments, identity, KYC and credit reports. This will complement the functionality within the Marco Polo network.
“By connecting our Mastercard Track platform with Marco Polo, we’re further lowering the barriers to access trade finance for business of all sizes globally. We’re excited about scaling a connected digital trade ecosystem together,” said Claire Thompson, EVP Enterprise Partnerships at Mastercard.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
