Conferma Pay launches Visa-powered virtual card payments

Created: 11 May 2020

The UK based virtual payments technology company, Conferma Pay has partnered with Visa to integrate Visa virtual cards in the Conferma Pay mobile app. This solution will be globally available to Visa’s commercial bank clients. This will allow Visa to bring Conferma Pay app to their corporate customers as part of their Visa’s broader technology offering.

Using the Conferma Pay app, Corporate employees will be able to make virtual card payments anywhere contactless payments are accepted. This will help employees to capture their total spends in a single record and thus helping commercial card program manager to have complete visibility into individual’s spend and eliminate manual paperwork.

“This is the first time that the benefits of virtual cards can be applied to commercial tap and go payments,” said Simon Barker, CEO at Conferma Pay. “Commercial card program managers will be able to see the rich data that a virtual card can deliver, together with a payment experience that’s as good as any in the consumer space.”.

This collaboration creates a globally available mobile payments solution platform which will allow participating merchants and businesses to grant greater spending control to individuals with the need for physical cards.

“Visa’s collaboration with Conferma Pay is another important initiative in greatly reducing friction in expense payments for businesses globally,” said Kevin Phalen, SVP, Global Head, Visa Business Solutions. “Conferma Pay is an innovative fintech partner that will help Visa’s commercial clients bring virtual-card innovation to their business clients worldwide”.