Visa is taking its commercial payments platform mainstream, bringing its VCS Hub to issuers and fintechs worldwide after a pilot run.
The hub offers end-to-end payables solutions, including full invoice and supplier payments, along with flexible ad hoc transactions to meet business needs.
It also integrates with accounting systems to simplify workflows and give organisations a more efficient and secure way to manage payments.
Visa said the platform will continue to evolve with additional features, including AI-driven automation of accounts payable, embedded payment functions within business applications, advanced analytics for better cash flow visibility, and personalised experiences that adapt to user needs.
The company also noted the hub is designed to bring together previously fragmented systems into one platform, making commercial payments more accessible.
Visa is inviting new issuers and fintechs to explore consultations on how the hub can support their payment needs.
“Visa is not just modernising commercial payments, we’re reinventing them.
With GenAI at the heart of the VCS Hub, we’re giving our partners the tools to amaze their clients, unlock new revenue streams and shape the future of money movement.”
said Gloria Colgan, SVP and Global Head of Product, Visa Commercial Solutions.
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
