Taulia & Mastercard launch virtual card B2B payments solution

By Delisha Fernandes

Taulia, a provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards. The new solution provides businesses with additional working capital management advantages, including the ability to maximize cash flow and minimize payment uncertainty.

The partnership between Taulia and Mastercard also brings together two major banks, Degussa Bank and HSBC, to participate in the solution, Taulia customers will benefit from their existing issuer relationships, allowing them to deploy virtual cards and extend the benefits offered by their own banks through Taulia.

Rebecca Meeker, Senior Vice President, Global Partnerships and Segments, Mastercard, said, “Fragmented B2B payment practices have held businesses back for too long. Virtual cards accelerate automation and support cash flow through increased access to working capital, which is why Mastercard is thrilled to work with Taulia and its banking partners to extend the benefits of virtual cards while prioritizing customer experience.”

This collaboration will allow the FinTech company to expand its working capital solutions for businesses by leveraging virtual cards generated through Mastercard upon request, providing significant time and cost savings to corporates seeking more consumer-grade user experiences in their enterprise platforms.

Through the tightly integrated virtual card experience, businesses benefit from greater spend control and more options to pay suppliers efficiently. On the other end, suppliers gain improved cash flow and enhanced visibility, alleviating friction across B2B transactions.

Danielle Weinblatt, Chief Product Officer, Taulia, said, “We are delighted to be partnering with Mastercard, doubling down on our commitment to transform the world of global trade and commerce by bringing our customers a fully embedded working capital management solution that prioritizes the customer experience.”