Small Business Solutions

Open for business

Power your customers’ growth stories with smarter data, valuable analytics and game-changing insights for small businesses (SMBs).

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Empowering meaningful connections

SMBs are fully embracing the promise of an open financial ecosystem.

75%

of SMEs use digital services daily, juggling multiple tools to manage finances and drive growth.¹

69%

of SMEs say a seamless and frictionless digital experience is critical to their business and look for seamless and easy customer service from their business banking app.²

47%

GDV growth opportunity arises when SMEs use the right business product instead of a consumer product.³

98%

of Australian businesses are SMEs.⁴

Partners in prosperity

Unlocking opportunity with open finance is creating a stronger future for businesses, one success story at a time.

Quotes from partners:

Tyro
pay.com.au
ANNA Money
MYOB

Use open banking transaction data to automate bank feeds to streamline business accounting: “We believe that empowering small businesses with real-time financial data is the key to unlocking productivity and growth. Partnering with Mastercard’s Open Finance Business Solutions allows us to streamline financial workflows and deliver smarter, faster, and fairer outcomes for Australian SMEs,” said Michael Nuciforo, Head of Product, Tyro

Leverages Mastercard’s capabilities to automate B2B transactions, streamline onboarding, and integrate loyalty rewards: “We’re excited to work with Mastercard to put business payments and rewards on autopilot”, said Grant Austin, CEO. “By integrating Mastercard’s platform with our PayRewards ecosystem, we’re helping SMEs earn value on every transaction from ATO bills to supplier invoices, all whilst streamlining their payment workflows, saving them time and money.”

“We’re building an intelligent finance layer that makes money admin invisible,” said Ryan Edwards-Pritchard, CEO, ANNA Money Australia. “Mastercard’s Open Finance lets us securely bring multi-bank data into ANNA in real time; our AI assistant then classifies spend, matches receipts, reconciles ledgers, drafts BAS/IAS and supports onboarding and risk assessment, so owners get clarity without extra work.”

“We’re working with Mastercard because they bring an accredited global Open Banking platform and connections to more than 100 institutions through the CDR. This allows MYOB to deliver fast, reliable and increasingly enriched bank feeds to our customers without compromising on data security or trust,” MYOB: Sally Davies, General Manager Solo and Embedded Finance at MYOB.

Smarter data, stronger business

Mastercard open finance leverages a world-class network to unlock real-time insights, optimize user experience and enable better outcomes for your SMB customers.

Boost customer acquisition and engagement

Business account opening and funding:

Maximize new-customer value and reduce risk with quick and seamless onboarding of small businesses*.

Extend accessible financing while reducing risk

Lending and credit decision monitoring:

Leverage next-generation insights to support more informed small business lending insights.

Enable smarter business decisions — anytime, anywhere

SMB financial management tools:

Deliver real-time account insights for better cashflow and expense management.

Facilitate reliable B2B payments

ACH payments for B2B:

Increase payment success with validated account details from a enhance onboarding experience for new customers with faster validated account details.

Forecast future payment risk

Predictive analytics for small business:

A detailed view of historical payment trends improves financial risk assessment.

1. Mastercard Rise of Open Banking Report, 2024.

* Subject to business verification and eligibility

Cyber-fraud integration for the new age of risk