Cardlay, a pioneering Danish fintech company, and Visa, a global leader in digital payments, are excited to announce a collaboration aimed at setting new standards for fast and efficient spend management for commercial cards issuers and their clients. Cardlay and Visa’s referral relationship leverages Cardlay’s innovative white label spend management platform with Visa’s market position, extensive payment network and data capabilities to offer fully embedded commercial cards and expense management solutions to their clients.

The commercial card landscape is rapidly evolving, driven by growing demand for digital solutions, contactless payments, digital wallet integration, and embedded finance. Virtual credit card payments are at the forefront of this transformation, redefining how businesses interact with payment cards and managing spend.  Paving the way for a more seamless inclusive financial ecosystem.

Cardlay and Visa are setting the stage for future growth and innovation in the commercial card issuing space. Cardlay’s platform will enable Visa’s clients, particularly issuers across multiple segments, to leverage their BINs’ structure with Cardlay’s white label solutions to improve customers’ experience.

Cardlay’s modular cloud-native platform unlocks the opportunity for commercial cards issuers to achieve a fast way to the market, a fast ROI and the ability to make use of innovative data capabilities, including real-time virtual credit cards and Visa’s fleet 2.0 data that offers enhanced efficiency through rich data and insights, cost reduction, and a crucial pivot toward sustainable transportation and mobility budgets to cater for the specific market needs.

“We’re thrilled to partner with Visa, a highly respected leader in the digital payments industry.” said Cardlay CEO, Jørgen Christian Juul. “To be able to fuel our product and commercial growth further together with Visa is great and the collaboration will help bring our vision to life: delivering fast and effortless spend management to commercial card issuers.”

Helen Jones, Executive Director, Visa Commercial Solutions, Visa Europe, added: “We’re delighted to have partnered up with Cardlay and look forward to our work together, helping to streamline financial operations for businesses, providing them with greater transparency and control over their spending.”