Mastercard and Octet Türkiye, a FinTech firm specialising in trade finance and digital B2B payments, have entered a strategic partnership aimed at empowering small and medium-sized enterprises (SMEs) across the Middle East and North Africa (MENA) region.
The collaboration is designed to provide SMEs with enhanced financial flexibility through digital payment tools tailored to regional needs, according to FF News.
The Mastercard-Octet alliance will allow businesses to make extended or instalment-based payments while enabling suppliers to receive immediate invoice settlements, streamlining B2B transactions in the process.
Mastercard’s involvement in the partnership underscores its continued investment in corporate payments innovation. The company brings to the table its global network and payment infrastructure, helping to scale solutions that address liquidity and credit access challenges faced by businesses. Octet Türkiye, known for facilitating secure trade and digital transactions, contributes its experience in corporate credit card payments and financing tools that support delayed payments.
Octet Türkiye’s system allows companies to use corporate credit cards issued by their preferred banks for B2B purchases, while simultaneously managing collections through a secure, digitised platform. This approach aligns with Türkiye’s long-standing practice of credit card-based instalments, now being adapted to suit broader MENA business needs.
The strategic move comes as digital B2B payment volumes in the Middle East and Africa are projected to nearly double between 2023 and 2028, according to Statista. The Mastercard-Octet Türkiye partnership aims to tap into this growth by offering an efficient alternative to traditional cash-based business transactions.
Beyond payments, the collaboration is also expected to support SME expansion and cross-border trade across MENA. The joint effort aligns with global trends favouring digitisation and cashless ecosystems, especially in liquidity-sensitive markets.
Mastercard executive vice president, Market Development, EEMEA, Mete Guney said, “The commercial payments segment presents a wealth of opportunities for innovation. At Mastercard, we are committed to harnessing the power of collaborations to drive smarter and more efficient payment methods. Our latest collaboration with Octet Türkiye will contribute to driving the adoption of digital transactions among businesses, empowering them with greater financial flexibility.”
Octet Türkiye co-founder and chief sales officer Can Saydam said, “In Türkiye, installment payments via credit cards have been a standard practice, regardless of the amount, for a very long time. In addition to the desire for cashless trade driven by digitalization, the global requirement for liquidity management makes the installment payment system a necessity. We at Octet Türkiye, in collaboration with Mastercard, are here to meet this need in the business-to-business (B2B) space across the region.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
