Citibank Partners with Mastercard to Launch a Commercial Card Program
References: citi & mastercard
Citibank Maghred is partnering with Mastercard to launch a new commercial card program for businesses looking to streamline operational efficiency through more flexible corporate card functionalities. Aimed at Morocco-based organizations, this announcement hopes to provide companies with increased transparency and control over finances by delivering reliable tools that can be integrated with enterprise resource planning systems and spending management.
With the new commercial card program, inbound clients and other businesses headquartered in Morocco can experience Mastercard's card network and technology and use it to empower their business operations.
"[...] This includes card-based solutions that enable our clients to effortlessly pay all of their suppliers, capture more spend, and defend the business economics of their card programs while leveraging the benefits of control and visibility inherent in a card solution, all delivered through digital channels end to end,” said Gonca Latif-Schmitt, Global Commercial Cards Head at Citi.
Image Credit: Citi, Mastercard
With the new commercial card program, inbound clients and other businesses headquartered in Morocco can experience Mastercard's card network and technology and use it to empower their business operations.
"[...] This includes card-based solutions that enable our clients to effortlessly pay all of their suppliers, capture more spend, and defend the business economics of their card programs while leveraging the benefits of control and visibility inherent in a card solution, all delivered through digital channels end to end,” said Gonca Latif-Schmitt, Global Commercial Cards Head at Citi.
Image Credit: Citi, Mastercard
Trend Themes
1. Enhanced Commercial Card Functionality - The new commercial card program aims to provide businesses with increased transparency and control over finances through more flexible corporate card functionalities.
2. Integration with ERP Systems - Companies can benefit from reliable tools that can be integrated with enterprise resource planning systems for streamlined operational efficiency.
3. Digital Channels for Payment Solutions - Clients can effortlessly pay suppliers and manage spending through digital channels, enhancing control and visibility in their card programs.
Industry Implications
1. Financial Services - The partnership between Citibank and Mastercard opens up disruptive innovation opportunities for financial institutions to enhance commercial card offerings with advanced functionalities.
2. Technology - Integrating commercial card programs with ERP systems presents technology companies with opportunities to develop innovative solutions for streamlining business operations.
3. Digital Payments - The focus on digital channels for payment solutions in Morocco-based card programs hints at disruptive innovation potentials for companies in the digital payments industry to optimize control and transparency.
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