Tech Mahindra, an AI-powered digital transformation and consulting services provider, has announced a new partnership with Mastercard. The collaboration aims to modernize business-to-business (B2B) payments by integrating secure, virtual card and payment functionalities directly into enterprise resource planning (ERP) and procurement platforms.
By embedding these payment capabilities into existing enterprise infrastructure, the partnership seeks to streamline procurement and payment processes for global enterprises. The initiative focuses on enhancing the efficiency and security of B2B transactions by enabling payments to be executed within the workflows that organizations already use to manage their procurement and resource planning.
This development is intended to provide a more integrated experience for businesses seeking to digitize their financial operations, moving away from legacy payment processes in favor of embedded solutions that can be managed within their primary enterprise software environments.
Source: Finextra
Original article: https://www.finextra.com/pressarticle/111438/tech-mahindra-and-mastercard-team-on-embedded-b2b-payments?utm_medium=rssfinextra&utm_source=finextrafeed
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