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Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India

Fintech News

The Reserve Bank of India (RBI) has directed major card networks Visa and Mastercard to pause transactions involving card-based payments for commercial services like rent or vendor payments that are processed through third-party fintech companies, according to Reuters.

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Mastercard, EnKash Team To Expand Commercial Card Use In India

PYMNTS

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. Suppliers will have improved cash flows.

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Mastercard launches virtual card app to simplify travel and business expenses

Finextra

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

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Mastercard, Network International To Introduce Commercial Cards In Middle East, Africa

PYMNTS

Mastercard is teaming up with Network International , which works in digital commerce for the Middle East and Africa, to help drive the adoption of commercial payment services in that region, according to a press release.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Enfuce Partners With Síminn Pay to Launch Innovative Commercial Cards With Carbon Footprint Tracker

Fintech Finance

Enfuce is launching a new, virtual commercial card programme for Síminn Pay, equipped with a CO2 calculator by climate action platform Deedster , to help its commercial clients reduce their carbon footprints. While this programme is newly launched, the partnership between Enfuce and Síminn Pay has already proven successful.

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Australia Gets First Virtual Commercial Cards Via Mastercard, DiviPay

PYMNTS

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.