Basware Pay extends the value of the Basware Commerce Network by providing a seamless, easy to deploy global payment solution. Provided in collaboration with our global payments partner, MasterCard, it offers buyers the ability to quickly and reliably pay suppliers all around the world. And with the benefit of credit available via MasterCard member banks, suppliers can get paid faster while buyers can extend payment terms and increase cash from improved Days Payable Outstanding (DPO).
“More than ever, global businesses rely on a complex network of partners and suppliers, and the ability to interact with agility is key to taking advantage of a fast moving environment” said Hany Fam, President, MasterCard Enterprise Partnerships. “Integrating invoicing and payments processes can take friction out of the system and boost the broader economy. Combining MasterCard’s global network and innovative technology with Basware’s industry-leading purchase-to-pay platform has the potential to enable transformative change.”