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Mastercard announced on Monday its strategic partnership with Zoho, a cloud solution provider, to launch a bundled ‘SME in a box’ solution for business owners.
The bundle is expected to ease payments and help Small and Medium Enterprises (SMEs) manage GST compliance and back-office operations.
Exclusive Offer
The bundle is available as an “Exclusive Offer” for Mastercard business debit and credit card users.
The solution aims at empowering 73 million SMEs in the country receive or make payments through all digital forms including Bharat QR, Mastercard business credit and debit cards while staying GST compliant using Zoho’s ERP software.
A dynamic Bharat QR printed on generated invoices will facilitate easy collection of payments.
Digitising merchant onboarding, Mastercard offers improved efficiency, instant activation of payment acceptance and seamless experience to the SMEs.
Speaking about the partnership, Rajeev Kumar, Senior Vice-President, Market Development, South Asia , Mastercard said, “This partnership is yet another way for Mastercard to empower Indian SMEs with the best-in-class technological solutions. Mastercard is confident that it will enhance digital payment acceptance in the country and contribute to the Government’s mission of 30 billion transactions in FY 2019.”
Sivaramakrishnan Iswaran, Director, Zoho, said “We are happy to join hands with Mastercard to equalise access to world-class accounting, payments, tax filing and business decision making solutions for Indian SMEs”.
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