To offer more flexible financing options and enable SMEs in the Asia-Pacific region to make installment finance purchases from suppliers around the globe, Mastercard has introduced a buy now, pay later (BNPL) commercial card. This new Pay & Split card will allow the commercial cardholders to convert their purchases from 80 million merchants across the globe where Mastercard is accepted into monthly or periodic installments. This, in turn, will also make it easy for the concerned SMEs to manage their cash flows better while eradicating the hassle of managing fragmented payment plans.
