Mastercard and Asian Development Bank build multistakeholder alliance to digitalise supply chains for wholesalers and retailers

With the support of the Asian Development Bank (ADB), a new alliance between Mastercard, N-Frnds, SGeBIZ, and Finastra was formed to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase wholesaler access to credit. The alliance aims to cater a technology solution that provides two key benefits. First, wholesaler access to credit where Mastercard will leverage supply chain data from N-Frnds, SGeBIZ’s digital procure-2-pay platform and other sources to partner with Finastra and its Trade Bank customers to automate access to working capital finance. Second, fully digitalised marketing campaigns through integrating digital payments and supply chain data with promotions, FMCG trade spend can be allocated more efficiently with better visibility and inclusion of small and medium enterprise (SME) retailers. The program will start in Indonesia with 500 retailers and aims to build to 5000 retailers by the end of Q1 2021.