EedenBull and Mastercard Asia Pacific partnership
Mastercard and Scottish fintech EedenBull have announced the extension of their strategic partnership from Europe to the Asia Pacific region to support the fintech’s new digital platform launch. The platform will allow banks and businesses to process spending and payments more efficiently.
Building on a partnership in Europe, this relationship will enable Eedenbull to tap into opportunities in the Asia Pacific business-to-business payments market.
For banks and their business customers, the new service provides innovative commercial payments services, including EedenBull’s spend management platform Q Business® that offers a sophisticated yet easy-to-use solution to digitise the slow and costly processing of checks and cash. With Q Business now offered by a network of banks in the Nordics, more than 10,000 registered businesses are benefitting from the process efficiencies and control of spend provided.
Yunsok Chang, Executive Vice President, Market Development, Asia Pacific, Mastercard said:
“Following Europe, Mastercard is delighted to partner with EedenBull in Asia Pacific and to support its unrivalled expertise to leverage the commercial payments space in the region. With Mastercard’s leading advisory experience, sophisticated commercial solutions and wide network of customers and partners, Mastercard will be able to help EedenBull thrive in this market of significant opportunities.”
The extension of the partnership beyond Europe is a testament to Mastercard’s strategy of working with fintech firms to drive innovation and create opportunities for other partners in the Asia Pacific region. As a frontrunner in payments technology, Mastercard is continuously developing new solutions catering to the evolving demands driven by rapid digital transformation.
Nicki Bull Bisgaard, CEO of EedenBull said:
“At EedenBull, we uniquely combine specialist commercial payments expertise with tech-savvy talent, making us the ideal partner to banks. While payment products and services are now more user-friendly, product management is growing more complex and requires access to specialists in marketing, revenue management, IT, legal, regulatory and many other areas. Selecting Mastercard as our preferred partner to support us in creating real value for our partner banks and their customers and to support our expansion in Asia Pacific was easy as we share the same view on what businesses require and how we can best meet those requirements in an ever-changing world.”