Introducing Biz360 for Small Businesses by Mastercard

Kubera
November 14, 2024
5
min read

Mastercard has debuted Biz360, a new platform designed for small businesses by consolidating their digital tools. Announced on November 12, Biz360 aims to provide business owners with a centralized hub to manage essential functions, saving time and driving growth.

What Does Biz360 Offer?

Biz360 is a "one-stop shop" for small business needs, offering:

  • Tool Consolidation: Combines operational tools, subscriptions, and payment gateways.
  • Automation Features: Simplifies administrative tasks to boost efficiency.
  • Business Insights: Provides personalized performance reports to help owners make informed decisions.
  • Customer Engagement Tools: Enables personalized email campaigns, marketing strategies, and website creation.

The platform integrates with existing digital tools, ensuring minimal disruption for users, while allowing financial and service providers to easily onboard their customers.

Key Partnerships and Vision

To deliver Biz360, Mastercard has partnered with Hello Alice, a small business FinTech platform, and vcita, a technology platform. These collaborations enhance the platform’s ability to address the unique challenges of small businesses.

Looking ahead, Mastercard plans to expand Biz360 to more markets in 2025, working with additional providers to grow its reach and impact.

Commitment to Small Business Growth

Biz360 is part of Mastercard’s broader mission to support small businesses. Earlier this year, Mastercard introduced a small business credit card in collaboration with Bluevine, offering 1.5% cash back and merchant discounts. Additionally, Mastercard’s Strive Innovation Fund has awarded nearly $2 million in grants to organizations developing innovative solutions for small businesses worldwide.

By empowering small businesses with tools like Biz360, Mastercard continues to demonstrate its commitment to helping entrepreneurs thrive in an increasingly digital economy.