← Embedded Finance Index 2026

Mastercard Amazon Business

“Can the Amazon Business + Mastercard partnership become the end-to-end financial operating layer for SMB procurement — spanning card issuance, open banking data, reconciliation, and retirement — on top of Amazon's existing B2B marketplace?”

HQSeattle, WA, United States
IndustryMarketplace / Two-sided
The story

Amazon Business, launched in 2015, is Amazon's B2B marketplace offering business customers purchasing tools, analytics, and payment flexibility. The 'Mastercard Amazon Business' entity specifically refers to the partnership between Amazon Business and Mastercard — most prominently the co-branded Prime Business Card and Amazon Business Card issued by U.S. Bank on the Mastercard network, launched in May 2026. Separately, Mastercard's subsidiary Finicity provides open banking (consumer-permissioned data) services connecting users' financial accounts with Amazon. The embedded finance stack spans card issuing, open banking data, spend management, and reconciliation APIs aimed at streamlining B2B procurement.

Last 12 months
2025-06
2025-11
2026-05
Product timeline
2015
Amazon Business launched as a B2B marketplace for business customers purchasing on Amazon.· pivot
2018
Amazon launched the Delivery Service Partner (DSP) program, partnering with SMBs to employ delivery drivers.· pivot
2021
Amazon Business Reconciliation API launched, enabling automated transaction-level reconciliation for business purchases.· banking
2025
Vestwell announced partnership with Amazon DSP program to offer pooled employer plan (PEP) retirement solutions to delivery associates.· banking
2026
Amazon launched the new Prime Business Card and Amazon Business Card, issued by U.S. Bank on the Mastercard network, with no annual fee, no foreign transaction fees, flexible financing, and up to 5% back on Amazon purchases.· card
The stack
9 layers disclosed in Mastercard Amazon Business’s embedded-finance stack
Payments / PSP
U.S. Bank (card issuer)
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting
in the full report
Accounting gap: minor
11 more providers across 8 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.