Mastercard and Pay4You, a self-service payment portal, have announced a new partnership to deliver a comprehensive tail spend management solution for corporations across Europe.  

This collaboration leverages Mastercard's Virtual Card Network (VCN) technology, and guarantees card acceptance, providing a seamless and efficient way for corporations to manage their tail spend. 

Tail spend refers to the portion of a company's expenditures that are not actively managed by procurement. It typically accounts for 20% of a company's total spend, including high-volume, low-value transactions that are often overlooked but can represent a significant portion of the total number of transactions.   

By integrating Pay4You's platform with Mastercard's virtual card technology, corporations can reduce costs, increase process efficiencies, and ensure compliance while offering employees a better user experience.  

This collaboration will also help issuers capture new flows on cards that are traditionally account-to-account (A2A) payments. 

“We are proud to partner with Mastercard to offer companies a smarter way to handle small, high-volume supplier payments, combining working capital optimization with seamless transaction flows. Corporate credit cards have long been underused in this area. That is about to change,” said Lourens Stamhuis, CEO & Co-Founder, Pay4You. 

“With Mastercard’s trusted global network and our focused B2B expertise, we are tapping into a space full of unlocked potential, and setting new standards for fast, secure and compliant payments, while helping buyers gain greater control, transparency, and savings.” 

"This partnership with Pay4You is a significant step in our commitment to empowering businesses with frictionless and compliant tail spend management solutions," said Johanna Waara, Senior Vice President, Head of Corporate Solutions, Europe, Mastercard. "By leveraging our virtual card technology within the Pay4You platform, we are enabling corporations to better manage their expenditures and drive greater financial efficiency." 

This partnership supports Mastercard’s mission to drive innovation and efficiency in the payments ecosystem. Pay4You will also leverage Mastercard’s latest advances in embedded VCN technology which enables frictionless and simplified on-boarding among banks, platforms, and corporates, to accelerate the adoption of virtual cards.  

Pay4You was recognised as a finalist in the Western Europe "Mastercard for Fintechs" competition 2024, and is focused on providing 100% card acceptance across Continental Europe.