Global fintech platform Jeeves has introduced a new embedded finance solution designed to help Brazil’s corporate travel sector tackle fraud, manage expenses more effectively as well as streamline payment operations.
The solution lets travel agencies, tour operators and other businesses handling bookings to issue virtual card numbers (VCNs) via API integration. Businesses can assign these single-use, customisable digital cards to individual transactions, enabling real-time monitoring, predefined spending limits, plus full traceability.
The move targets longstanding pain points in corporate travel, where linking expenses to specific travellers remains difficult and fraud continues to rise.
According to the International Air Transport Association (IATA), 46 per cent of all fraudulent payment transactions globally occur in the airline industry – a trend that has disproportionately affected markets like Brazil.
Two of the country’s three largest travel agencies have already adopted the technology, reporting greater accuracy in reconciliation as well as reduced financial risk. Jeeves’ VCNs also offer credit terms of up to 37 days, as well as cashback incentives for business-to-business spending.
The launch reflects broader demand in Brazil for secure, tech-enabled financial tools that integrate directly into sector-specific operations.
“At Jeeves, we are committed to delivering financial solutions that combine technology, security and efficiency for modern businesses,” said Dileep Thazhmon, founder and CEO of Jeeves. “With the launch of VCN cards, we are taking a major step toward transforming the way the corporate travel sector handles payments and expense control.”
He also added: “This is an innovation that removes operational friction and safeguards companies’ revenue in an increasingly challenging environment,”
