Visa Unveils Push-to-Wallet for Virtual Cards

Author

Slice of Finance Team
03 Nov

Key Highlights:

  • New push-to-wallet capability for virtual cards, compatible with Apple Pay and Google Pay.

  • Enhanced control and security with precise spending limits and real-time monitoring.

  • Frictionless experience for businesses, facilitating financial management in digital environments.

  • Expected growth: virtual card transactions to exceed 121 billion by 2027.

  • Streamlined B2B payments: reduces administrative burden, optimizes cash flow.

Notable Quote:

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"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 new capabilities underscore Visa's commitment to innovating the B2B payment landscape, ensuring that businesses have access to secure and efficient payment solutions."

Gloria Colgan, SVP and Global Head of Product at Visa Commercial Solutions

Our Take:

Visa's launch of push-to-wallet for virtual cards is a strategic advancement in B2B payments, meeting the rising demand for seamless, secure, and controlled digital payment solutions. As businesses increasingly adopt digital payment tools, Visa's move positions it as an innovator in the B2B virtual card space, enabling operational efficiency and robust cash flow management. The integration with major mobile wallets, like Apple Pay and Google Pay, mirrors consumer-level convenience and reinforces Visa’s commitment to future-forward, digital-first financial solutions.