Mastercard Teams With Octet Europe For SMB Trade Technology

Mastercard | June 15, 2020

To assist small and medium-sized businesses (SMBs) in expanding their operations, Mastercard and Octet Europe rolled out a new trade system throughout the European Economic Area (EEA). The Mastercard Trade Solution, which is fueled by Octet, helps firms trade domestically and internationally by allowing for safe payments, a credible value chain, streamlining of back office work and handling of cash flows per a Thursday (June 11) announcement. “At Mastercard, we are committed to remaining the partner of choice for businesses of all sizes and to powering economies,” Milan Gauder, Mastercard Europe executive vice president of product and innovation, said in the announcement. He added that, working with Octet, the two companies would help SMBs “thrive in the global economy by unlocking their potential with flexibility, confidence and peace of mind.” The business-to-business (B2B) trade network of Octet Europe, which is based on the cloud, reviews every firm in the system. Every company trading on the network is verified through know your customer (KYC), anti-money laundering (AML), economic trade sanctions and counter-terrorism-financing procedures to decrease risk for all those on the network.


Small and medium-sized businesses are the backbone of our economy. They're the ones creating jobs, driving innovation, and building our communities. But in today's fast-paced, digital world, it can be tough for these businesses to stay competitive."

Other News


EBLUXE HAIR | December 20, 2022

The generosity of one small business has warmed the hearts of many. This holiday season EBLUXE HAIR held their first annual "Nominate a Family in Need" campaign and was able to give back over $1,000 to those within their community. The gratitude we received was priceless, This is something we want to continue in the future, and with the support of sponsors and donations we can have an even greater impact next year. owner Tee Johnson. It is such a good feeling to be able to give back," added Johnson's daughter Sierra. "I know there are individuals who are struggling; it is truly liberating to know that we were able to make their holiday better.We commend this small business owner for their generosity and applaud them for having a giving spirit. Their act of kindness is a reminder of what the holidays are all about. EBLUXE HAIR & EBLUXE CARES The mother-daughter duo behind EBLUXE HAIR continues to provide consumers with Hair Extensions that are like no other and are of the highest caliber. Their recently founded non-profit EBLUXE CARES, is a 501c3 whose mission is to empower teens and cancer thrivers (those living with cancer) to rediscover what it means to live, while learning to celebrate and accept oneself completely.

Read More