TradeWindow announces collaboration with Mastercard

Software company TradeWindow has announced a collaboration with Mastercard to boost cash flow for Australasian businesses through integrated cross-border payments solutions.

TradeWindow, which provides digital solutions for exporters, importers, freight forwarders and customs brokers, said that the team up will increase trust across the supply chain.

Digitisation has brought physical supply chains and financial supply chains closer together, however many companies and particularly SMEs have limited access to digital services and can find international trade complex, time-consuming and costly.

To address this, TradeWindow has integrated Mastercard’s payment network and technology with their digital trade platform ‘Cube’.

The combined innovation platform is set to improve trust between trading partners and support event-based payment triggers, enabling earlier payment options and better reconciliation.

TradeWindow CEO, AJ Smith said that the partnership with Mastercard is an exciting step for the NZX listed software company.

“Our aim is to make cross border trade easier for exporters, and also support the acceleration of global trade. Working with a trusted global technology leader like Mastercard, TradeWindow is advancing a secure and robust payment and trade finance offering on our platform that will help our customers to grow their export, import and trade-related businesses,” Smith said.

Claire Thompson, Executive Vice President, Global Trade, Mastercard Enterprise Partnerships, also commented on the collaboration.

“Mastercard is powering the digital economy, providing organisations large and small with the tools they need to run and grow their business,” Thompson said.

“By combining our payments technology with TradeWindow, our collaboration aims to remove barriers to cross-border trade, simplifying payment processes and empowering Australasian businesses with integrated and automated solutions that help them to pay and get paid more easily,” she said .

Source: TradeWindow