Licensed e-money institution EedenBull has extended its strategic partnership with Mastercard to expand its operations and develop it’s spend management platform Q Business in Europe.

Mastercard will support the growth of EedenBull’s operations in Scotland and Norway – a member country of the European Economic Area (EEA).

Mastercard will also help boost its innovative spend management platform ‘Q Business’ in Europe.

Mastercard Nordics & Baltics divisional president Erik Gutwasser said: “With Mastercard’s paytech experience and a global network of customers and partners, we will be able to help EedenBull leverage its unique expertise and service a largely untapped market segment.”

The Q Business platform helps employees control purchases made on behalf of their company.

The platform provides payment cards, a web-based management module, a mobile app, integration with accounting systems and digitization of receipts.

In Norway, as many as 65 banks currently offer Q Business solution to thousands of their small and medium-sized business clients.

EedenBull CEO Nicki Bisgaard said: “At EedenBull we have a relentless focus on creating better ways for businesses to pay and get paid.

“Businesses everywhere are facing the same challenges and are seeking solutions that make their everyday lives simpler, more secure and more profitable.

“Selecting Mastercard as our preferred partner to support us in creating real value for our customers and partners and to support our expansion in Europe as easy as we share the same view on what businesses require and how we best meet those needs in an ever-changing world.”