Mastercard Introduces AI Tool to Identify Suppliers Likely to Accept Card Payments
Mastercard introduced Advanced B2B Analytics to help banks identify suppliers likely to accept card payments. The platform uses AI to analyze corporate accounts payable data. It then scores suppliers by their likelihood of accepting cards. Absa Group and Emirates NBD are among the first financial institutions to offer this tool to corporate clients. Mastercard aims to shift more eligible supplier payments to commercial cards, including virtual cards.
Mastercard’s new Advanced B2B Analytics platform addresses a core problem in B2B payments. Banks and corporate buyers often have fragmented data on card payment opportunities. The AI-driven tool consolidates this information. It helps banks like Absa Group and Emirates NBD prioritize outreach to suppliers. This development aims to increase commercial card adoption.
The focus on data utilization reflects a broader trend in Asian fintech. Many regional banks struggle with legacy systems and siloed data. Tools like Mastercard's offer a pathway to modernize B2B payment processes. This could benefit Singaporean and Hong Kong banks seeking to enhance corporate client services. It also creates opportunities for local fintechs specializing in data integration.
The thing to watch is the platform’s reported impact. Mastercard has not yet provided results showing the platform’s effect on working capital or card acceptance rates. Real-world data from Absa Group or Emirates NBD will be crucial. These metrics will determine its true value for Asian businesses and financial institutions.
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