Taulia Brings Visa’s Digital Payments into Virtual Cards Offering – Finovate

• Taulia has partnered with Visa to embed Visa’s digital payments technology into its Virtual Cards offering.
• Taulia will leverage Visa’s APIs to embed business’ virtual payment credentials, acceptance, and enablement solutions to work natively across SAP business applications.
• Integrating Visa’s digital payments technology into Taulia’s Virtual Cards will simplify the business-to-business payments process, especially for organizations using SAP’s ERP solutions.

SAP-owned supply chain finance fintech Taulia has partnered with Visa this week to embed Visa’s digital payments technology into Taulia’s Virtual Cards offering.

The partnership will leverage Visa’s APIs to embed business’ virtual payment credentials, acceptance, and enablement solutions to work natively across SAP business applications. Embedding finance
capabilities within SAP’s applications reinforce the bank’s role as an issuer and solidify the ERP relationship to the corporate client.

“By partnering with Taulia, we create synergies in working capital management and the enablement of a world class ERP provider,” said Visa SVP, Global Head of Large, Middle Market Segments and Working Capital Solutions Alan Koenigsberg. “We believe that we are creating a best-in-class payments automation experience for buyers and suppliers alike, while removing cumbersome processes that take time away from the most strategic work that drives growth.”

The companies anticipate that the solution will help CFOs, procurement, and accounts payable teams automate payments to suppliers. This can be useful for businesses who pay one-time suppliers because it eliminates the need to create full master data in the system. Embedded virtual payments will also improve cash flow for businesses, offer enhanced payments visibility, and reduce friction in B2B transactions.

Overall, the partnership represents a step towards a more accessible digital payments ecosystem for businesses worldwide. Integrating Visa’s digital payments technology into Taulia’s Virtual Cards will simplify the business-to-business payments process, especially for corporate buyers and suppliers using SAP’s ERP solutions.

Taulia was founded in 2009 to help companies make use of cash tied up in their payables, receivables, and inventory. The company maintains a network of 3+ million businesses to fuel its clients with more working capital. In fact, Taulia has provided more than $250 billion in accelerated early payments to clients, including Airbus, AstraZeneca, and Nissan.

SAP acquired Taulia in 2022 for an undisclosed amount.

Photo by Jopwell

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