Parpera enters strategic partnership with Mastercard
SYDNEY, AUSTRALIA – 17 August, 2021 — Australia’s Parpera today announced its partnership with global payments technology leader Mastercard, in a major boost to the fintech just weeks out from launching its app designed to deliver world-class financial solutions for small business owners.
As Australia’s first smart account and debit card for small businesses, providing digital wallet, card, invoicing, payments, and money management capabilities, Parpera will help people better set up, manage, and grow their business in today’s digital economy.
Backed by and designed with the community, the Parpera app is the first of its kind in Australia and will serve the bulk of the 2.4 million businesses here that remain underserved by the big banks. It has been created following consultation with thousands of small business owners to establish their pain points and identify where time could be saved in all aspects of managing their business finances.
Founder and CEO Daniel Cannizzaro said: “Parpera is disrupting business banking by understanding, engaging, and providing fair and transparent products and services that enable people to setup, manage and grow their business seamlessly and independently. It’s the first digital financial solution with the DNA of a community bank to be offered into the Australian market and is initially targeting the nation’s growing service-based,freelance, and start-up businesses, or micro businesses.
“Australian business owners remain significantly underserved by traditional financial products and services and are tired of managing their money with a patchwork of banking products, spreadsheets, invoicing, and accounting tools.
“We’ve funded, co-designed, and built Parpera with a community of hundreds of Australian business owners over the past year to ensure that our solution not only addresses their most immediate needs, but also empowers them to focus on what makes their business great.
“Our partnership with Mastercard will enable us to provide businesses with the long-awaited digital finance capabilities they need,” concluded Daniel Cannizzaro, Founder and CEO.
Under the partnership agreement, Parpera will be able to utilise Mastercard’s growth solutions, analytics and insights, and innovation labs. At just over a year old, the global growth aspirations of Parpera will be supported by the partnership.
“Mastercard is excited to be partnering with Parpera to drive innovative payments solutions for Australian SMEs. The accelerated shift to digital triggered by the pandemic has shown the need for businesses to innovate to succeed in the new economy. Mastercard’s partnership with Parpera will offer a safe and secure way for micro enterprises to receive, store and spend funds digitally to save them time and improve the way they do business,” said Dan Martin, Vice President of Business Development, Australia, Mastercard.
Parpera is in live testing with a select group of members and plans to launch publicly in the coming weeks. More than 2,000 businesses are already waitlisted to join.
You can find Parpera on the Apple App and Google Play stores or at get.parpera.com/app.
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About Parpera
Parpera is Australia's first smart account and debit card to help you manage and grow your business in today’s digital economy. Parpera aspires to improve the economic prosperity of people, communities, and societies, globally. It’s building an ecosystem of fair and transparent products and services to help people set up, manage, and grow their business in the new economy.
Parpera is launching soon and will provide people with digital wallet, card, invoicing, payments, cash and tax management capabilities to help improve the way they do business.
You can signup to be one of the first to join Parpera at https://get.parpera.com/app
Parpera Communications Contact
Daniel Cannizzaro, +61 438 304 793
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our missionis 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 realise their greatest potential. Our decency quotient, or DQ, drives ourculture 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.
Mastercard CommunicationsContact
Matilda Freedman, +61 431 630 261
Matilda.Freedman@mastercard.com
Agency Communications Contact
Caelyn Evans, +61 406 976 055
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