BoxCommerce and Mastercard have collaborated to launch a prepaid Mastercard solution that gives small and medium-sized enterprises SMEs on the BoxCommerce platform fast, secure and direct access to their earnings.
This innovation transforms BoxCommerce from a pure eCommerce enabler into a fintech partner for entrepreneurs, bridging the gap between selling online and accessing digital finance.
In South Africa alone, SMEs account for 91 of formal businesses, provide 60 of employment, and contribute 34 to GDP. Through this collaboration, the ecosystem approach not only strengthens SME access to financial tools but also paves the way for future innovations such as credit solutions, enabled by secure data insights that assess performance and unlock financing opportunities.
