Cardlay, a Danish fintech innovator, has partnered with Visa to revolutionize spend management for commercial card issuers. This collaboration combines Cardlay's advanced white-label spend management platform with Visa's extensive payment network and data capabilities. Together, they aim to provide seamless embedded commercial card and expense management solutions. As the commercial card industry shifts towards digital solutions and virtual credit card payments, this partnership is strategically positioned to lead innovation and growth. Cardlay's cloud-native platform enables quick market entry, enhanced ROI, and harnesses data capabilities like real-time virtual credit cards. It also supports sustainable spending solutions tailored to market needs.
Cardlay's CEO, Jørgen Christian Juul, expressed enthusiasm about the partnership's potential for product and commercial expansion. Visa's Executive Director, Helen Jones, highlighted the collaboration's role in streamlining business financial operations, enhancing transparency, and control over spending. The partnership sets a new benchmark for efficiency and innovation in the commercial cards sector.
Source: Cardlay
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