Safenetpay to launch new Mastercard targeting UK’s six million SMEsDecember 8, 2021 | By Suman Hughes
Safenetpay, the one stop business payment solution, today announces they will launch a new SME Mastercard. The card is the latest development in Safenetpay’s mission to create a fairer and more progressive financial ecosystem for the UK’s 6 million SMEs and sole traders.
Safenetpay will issue Mastercards directly, improving the delivery of its pioneering B2B payment solutions and ability to acquire new customers at scale.
Sanjar Mavlyanov, CEO and founder of Safenetpay, says “Introducing a Mastercard to go alongside our business accounts is a landmark moment for Safenetpay and further demonstrates our dedication to rebuilding the financial ecosystem for UK SMEs and sole traders. Being able to issue cards under the Safenetpay name will allow our customers to bridge both the digital and physical payment spaces using one provider.”
Deborah Suttle, Head of Commercial Issuing at Mastercard UK & Ireland added: “We are thrilled to welcome Safenetpay to Mastercard and working with them to offer innovative solutions for UK SME’s and sole traders who are the backbone of the UK economy.”
High street banks and mainstream lenders continually overlook or reject entrepreneurs despite SMEs making up 99% of all registered businesses in the UK. Safenetpay wants UK SMEs and sole traders to look beyond the banks and embrace a true alternative to the status quo.
With Safenetpay’s all-in-one payments platform UK SMEs and sole traders will no longer need to contend with a myriad of providers, saving them time, money; allowing them to focus on what's important. Safenetpay cards will be available in 2022.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.