Mastercard and Zoho Expand Access to Tools to Help Small Business Owners Around the World Thrive
July 11 2019 - 8:30AM
Business Wire
Robust solution suite offers resources to help
small businesses increase efficiency and grow faster
Mastercard today announced it is expanding its partnership with
Zoho to bring small business owners around the world a
comprehensive array of products and services to make running their
enterprise easier, more efficient and more profitable.
Every business is on a quest to increase efficiency and
productivity; for small business owners it can be a matter of
survival. With Zoho’s platform, Mastercard is able to offer its
small business customers access to a suite of marketing, accounting
and CRM tools to automate and digitize time-intensive, paper-based
processes. Scaling its existing partnership from India to the rest
of the world, Mastercard and Zoho are enabling simpler business
operations for SMBs globally.
“When Mastercard and Zoho come together, we’re able to pair our
smart solutions and scale to fundamentally address some of the
challenges small businesses owners face every day,” said Zahir
Khoja, executive vice president, Global Acceptance at Mastercard.
“These entrepreneurs drive job creation, productivity and growth
globally; it’s critical that we find partners and develop solutions
that allows us to help them succeed.”
In fact, small businesses account for nearly 50 percent of the
world’s GDP and employ almost two thirds of the global workforce1.
Through Mastercard’s financial institution and acquiring partners,
small businesses will now have access to various solutions such as
enterprise resource planning and finance software, customer
relationship management, and marketing solutions, amongst
others.
“We are excited to partner with Mastercard, a company committed
to empowering small business owners across the globe. This
partnership connects small businesses to the innovative
applications that enable them to access, manage and analyze
real-time information that are critical to their success," said
Sridhar Vembu, CEO of Zoho Corporation. "Together, Zoho and
Mastercard simplify the daily responsibilities of these
entrepreneurs and help their businesses grow and thrive. As
partners, we embark on our joint mission to fuel the global small
business economy."
Zoho is a cloud-based platform accessible via website and app
and can be delivered via API. Zoho’s technology stack is flexible,
taking the heavy lift off the integration process and making
bringing solutions to market faster. Mastercard and Zoho shared
solutions will be available later this year.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
About Zoho
Zoho is the operating system for business —a single online
platform capable of running an entire business. With 40+ apps in
nearly every major business category, including sales, marketing,
customer support, accounting and back office operations, and an
array of productivity and collaboration tools, Zoho is one of the
world's most prolific software companies.
Zoho respects user privacy and does not have an ad-revenue model
in any part of its business, including its free products. More than
45 million users around the world, across hundreds of thousands of
companies, rely on Zoho every day to run their businesses,
including Zoho itself. Zoho Corporation is privately held and
profitable with more than 7,000 employees. Zoho is headquartered in
Pleasanton, California, with international headquarters in Chennai,
India. Additional offices are in Austin, Texas (U.S.); Renigunta,
India; Tenkasi, India; Yokohama, Japan; Beijing, China; Singapore;
Queretaro, Mexico; Byron Bay, Australia; Utrecht, Netherlands; and
Dubai, United Arab Emirates. For more information, please visit
www.zoho.com.
______________________ 1 “The Future of FinTech: A Paradigm
Shift in Small Business Finance,” World Economic Forum, 2015
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Alyssa Rosenblatt Mastercard alyssa.rosenblatt@mastercard.com
914.249.1564
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