Fidelity Bank (Bahamas) has teamed with MasterCard to develop a credit card tailored specifically to meet the needs of local entrepreneurs and small businesses.

The BISX-listed bank, in a statement, said the Mastercard SME Business Credit Card will be launched tonight under the theme, “The future of payments starts here’. The event will be held at the Margaritaville Beach Resort, starting at 6pm, and will feature financial solutions, demonstrations, and insights for small and medium-sized enterprises (SMEs) looking to streamline their operations and expand their businesses.

“Fidelity understands the challenges faced by small business owners – managing cash flow, accessing credit and handling payments efficiently. This new Mastercard SME Business Credit Card, along with the advanced payment technologies of Fidelity, will empower SMEs to operate more efficiently and scale their businesses” said Gowon Bowe, chief executive, Fidelity Bank (Bahamas).

Attendees will be exposed to point-of-sale (POS) terminals, contactless payment solutions and digital invoicing tools. The invite-only event will give SMEs a first look at how these new tools can overhaul their business operations.