Visa Expands Push-to-Wallet for Virtual Cards Across Commercial Solutions Ecosystem
Visa has announced new capabilities enabling virtual cards to be pushed to mobile wallet ecosystems like Apple Pay and Google Pay. The enhancement provides robust controls with precise spending limits and transaction monitoring to minimize fraud risks. According to Juniper Research, virtual card transactions are projected to exceed 121 billion globally by 2027, a 340% increase from 28 billion in 2022. The solution aims to enhance operational efficiency through automated payment processes, improved working capital management, and accelerated payment cycles, offering businesses greater transparency in financial transactions.
Visa ha annunciato nuove funzionalità che consentono l'integrazione di carte virtuali negli ecosistemi di portafogli mobili come Apple Pay e Google Pay. Questo miglioramento offre controlli robusti con limiti di spesa precisi e monitoraggio delle transazioni per ridurre al minimo i rischi di frode. Secondo Juniper Research, si prevede che le transazioni con carte virtuali supereranno i 121 miliardi a livello globale entro il 2027, con un aumento del 340% rispetto ai 28 miliardi del 2022. La soluzione punta a migliorare l'efficienza operativa attraverso processi di pagamento automatizzati, una gestione migliore del capitale circolante e cicli di pagamento accelerati, offrendo alle aziende una maggiore trasparenza nelle transazioni finanziarie.
Visa ha anunciado nuevas capacidades que permiten integrar tarjetas virtuales en ecosistemas de billeteras móviles como Apple Pay y Google Pay. Esta mejora proporciona controles sólidos con límites de gasto precisos y monitorización de transacciones para minimizar los riesgos de fraude. Según Juniper Research, se proyecta que las transacciones con tarjetas virtuales superen los 121 mil millones a nivel mundial para 2027, un aumento del 340% desde los 28 mil millones en 2022. La solución tiene como objetivo mejorar la eficiencia operativa a través de procesos de pago automatizados, una mejor gestión del capital de trabajo y ciclos de pago acelerados, ofreciendo a las empresas una mayor transparencia en las transacciones financieras.
비자는 Apple Pay와 Google Pay와 같은 모바일 지갑 생태계에 가상 카드를 전송할 수 있는 새로운 기능을 발표했습니다. 이 개선 사항은 사기 위험을 최소화하기 위한 정확한 지출 한도와 거래 모니터링을 통해 강력한 컨트롤을 제공합니다. Juniper Research에 따르면, 가상 카드 거래는 2027년까지 전 세계적으로 1210억 건을 초과할 것으로 예상되며, 이는 2022년의 280억 건에서 340% 증가한 수치입니다. 이 솔루션은 자동화된 지불 프로세스, 개선된 운전 자본 관리 및 가속화된 지불 주기를 통해 운영 효율성을 향상시키고, 기업에 재무 거래의 더 큰 투명성을 제공합니다.
Visa a annoncé de nouvelles fonctionnalités permettant l'intégration de cartes virtuelles dans des écosystèmes de portefeuilles mobiles tels que Apple Pay et Google Pay. Cette amélioration offre des contrôles robustes avec des limites de dépenses précises et un suivi des transactions pour minimiser les risques de fraude. Selon Juniper Research, les transactions par carte virtuelle devraient dépasser 121 milliards au niveau mondial d'ici 2027, soit une augmentation de 340 % par rapport à 28 milliards en 2022. La solution vise à améliorer l'efficacité opérationnelle grâce à des processus de paiement automatisés, une meilleure gestion du fonds de roulement et des cycles de paiement accélérés, offrant aux entreprises une plus grande transparence dans les transactions financières.
Visa hat neue Funktionen angekündigt, die es ermöglichen, virtuelle Karten in mobile Wallet-Ökosysteme wie Apple Pay und Google Pay zu integrieren. Diese Verbesserung bietet robuste Kontrollen mit präzisen Ausgabenlimits und Transaktionsüberwachung, um das Risiko von Betrug zu minimieren. Laut Juniper Research wird prognostiziert, dass die Transaktionen mit virtuellen Karten bis 2027 weltweit über 121 Milliarden übersteigen werden, was einem Anstieg von 340 % im Vergleich zu 28 Milliarden im Jahr 2022 entspricht. Die Lösung zielt darauf ab, die Betriebseffizienz durch automatisierte Zahlungsprozesse, verbesserte Working Capital-Verwaltung und beschleunigte Zahlungszyklen zu steigern und Unternehmen eine größere Transparenz bei finanziellen Transaktionen zu bieten.
- Virtual card transactions projected to grow 340% from 28B to 121B by 2027
- Enhanced operational efficiency through payment process automation
- Improved working capital management capabilities
- Strengthened security features with precise spending controls
- None.
Insights
The expansion of Visa's push-to-wallet capabilities for virtual commercial cards represents a significant strategic move in the $121 billion virtual card market. This development strengthens Visa's position in the B2B payments space, where digital transformation is accelerating rapidly.
The market growth projection of
This initiative addresses critical pain points in B2B payments including fraud prevention, operational efficiency and cash flow management. The timing is strategic, positioning Visa to capture a larger share of the digital B2B payments transformation as businesses increasingly shift away from traditional payment methods.
New capabilities enable seamless issuance and deployment; provide robust controls and unlock new efficiencies
Visa is an early mover in virtual card push-to-wallet, recognizing the importance of creating seamless, digitally native B2B payment experiences that mirror the consumer ones we have all come to expect. Virtual card transactions will exceed 121 billion globally by 2027, increasing
"These new capabilities underscore Visa's commitment to innovating the B2B payment landscape, ensuring that businesses have access to secure and efficient payment solutions,” said Gloria Colgan, SVP and Global Head of Product for Visa Commercial Solutions. “By enabling push-to-wallet for virtual cards across our commercial products, we are making it easier for our clients to manage their finances in a digitally native environment."
These advancements empower businesses to operate efficiently and securely in today's fast-paced digital economy. Visa’s sophisticated virtual card capabilities enable businesses of all sizes to utilize enterprise-grade payment solutions for better control, security and financial management. As the use of virtual cards continues to accelerate, Visa remains committed to driving innovation and providing tools that help businesses navigate and thrive in the evolving financial landscape.
About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
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1 “Virtual Cards: Sector Analysis, Competitor Leaderboard & Market Forecast 2022-2027,” Juniper Research, 2022.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029676816/en/
David Thum
dthum@visa.com
Source: Visa Inc.
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