BoxCommerce has partnered with Mastercard to launch a prepaid Mastercard solution designed to give small and medium-sized enterprises (SMEs) on the BoxCommerce platform fast, secure, and direct access to their earnings.
The new solution marks a significant shift for BoxCommerce, transforming the company from a pure eCommerce enabler into a fintech partner for entrepreneurs by bridging the gap between online selling and access to digital financial services.
The Mastercard-powered prepaid card, available in both virtual and physical formats, is fully integrated into the BoxCommerce merchant dashboard. This enables entrepreneurs to receive payouts instantly, manage cash flow more efficiently, and reinvest earnings directly into inventory and day-to-day operations without relying on traditional banking systems.
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The collaboration is particularly significant in South Africa, where SMEs account for approximately 91 percent of formal businesses, contribute about 60 percent of employment, and generate roughly 34 percent of the country’s gross domestic product. By strengthening access to modern financial tools, the partnership aims to support SME growth while laying the foundation for future innovations such as credit solutions, enabled by secure performance data and insights.
Commenting on the launch, BoxCommerce Chief Executive Officer Craig McLeod said the partnership aligns with the company’s broader mission to empower entrepreneurs beyond eCommerce.
“At BoxCommerce, our mission is to go beyond eCommerce by giving entrepreneurs the tools they need to run and grow their businesses. This collaboration with Mastercard allows merchants to receive their earnings instantly and reinvest directly into inventory and operations, helping them scale more efficiently,” McLeod said.
Mastercard also emphasized the broader economic impact of supporting small businesses. Mete Guney, Executive Vice President for Market Development, Eastern Europe, Middle East and Africa at Mastercard, said SMEs play a critical role in economic development.
“SMEs are the backbone of our communities, and when SMEs win, everyone wins. At Mastercard, we are committed to supporting small businesses with the technology, insights and trusted partnerships they need to thrive. By embedding Mastercard solutions into platforms like BoxCommerce, we are enabling entrepreneurs to digitize with confidence, access new opportunities, and contribute more fully to inclusive economic growth across Africa,” Guney said.
By linking digital commerce with seamless financial access, BoxCommerce and Mastercard aim to strengthen the backbone of South Africa’s economy while setting the stage for scalable impact across other emerging markets.
