Visa has introduced a way for customers to tap the multitrillion-dollar commercial payments market.
The Visa Commercial Solutions (VCS) Hub, announced Thursday (Oct.
3), is designed to help financial institutions and businesses efficiently access a range of commercial payment solutions, “complementary capabilities and integrations into a range of FinTech services,” Visa said in a news release.
“Commercial payments represent a $145 trillion market opportunity globally, but existing platforms tend to be targeted to, or specialized across, a specific use case or segment,” the release said.
“The Visa Commercial Solutions Hub will enable better visibility and faster decision-making for our customers, all within a sleek new interface designed with them in mind,” Colgan added.
“Virtual credit card payments are at the forefront of this transformation, redefining how businesses interact with payment cards and managing spend.
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