BoxCommerce and Mastercard launch digital payment tool to ease cash flow pressures on South African SMEs
South African e-commerce platform BoxCommerce has partnered with Mastercard to introduce a prepaid card system aimed at helping small and medium-sized enterprises access their earnings instantly, addressing persistent cash flow constraints that continue to limit the growth of informal and formal businesses across the country.
The partnership, announced on January 19, enables merchants operating on BoxCommerce’s platform to receive payments through virtual and physical prepaid Mastercard cards, allowing them to reinvest revenues without waiting for delayed settlements from traditional banking systems.
