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News Brief: Fueling the Future of B2B Payments

Mastercard & SAP Partner to Advance B2B Payments in Colombia and Chile

July 31, 2019 – Mastercard and SAP announced a strategic partnership to introduce a best-in-class automated payments and reconciliation process to medium-to-large sized businesses in Colombia and Chile. The Mastercard B2B Payments Module in SAP Business One eliminates the inefficiencies that dominate the still labor-intensive processes of payments between businesses. With this agreement, Mastercard becomes the first payments technology company in the global payments industry to join an Enterprise Resource Planning Software such as SAP, a global market leader in enterprise application software.