Visa and Conferma Pay expand deal

Visa and virtual payments technology provider Conferma Pay have announced a four-year extension of their collaboration on Visa Commercial Pay.

Launched in 2020 to a select audience of early adopters, Visa Commercial Pay’s features and connectivity with invoice management platform are designed to help corporate businesses automate payments and improve cash flow. 

The four-year extension secures additional investment in Visa Commercial Pay’s suite of tools – the Visa Commercial Pay mobile app, Visa Commercial Pay Travel and Visa Commercial Pay B2B. It will also enable both organizations to expand the offering in Asia, Latin America and the  Middle East. 

Visa Commercial Pay clients can look forward to new features like digital wallet tokenization alongside continued commitment to efficient payments, according to Gloria Colgan, Senior Vice President of Global Product Visa Commercial Solutions. 

“The pandemic exposed significant inefficiencies with traditional payment methods used by businesses,” she said.

“Our collaboration with Conferma Pay brings together two leaders in their respective fields and the result is a far more efficient payments system. With our collaboration set to continue, more clients and end users will be able to take advantage of new features such as the digital wallet tokenization and hotel cards.”

Jason Lalor, CEO, Conferma Pay added “The world has been increasingly moving towards more digitized payments and the launch of Visa Commercial Pay has supported this transition in the commercial payments environment. Our deeper engagement with Visa will help to rapidly accelerate the growth of virtual payments for businesses,”

“We have a fantastic working relationship with Visa that has enabled the rapid delivery of software to simplify payments for businesses globally. Based on our shared vision for a more digitized payment landscape, our expanding network of B2B partners means that Visa Commercial Pay will continue to grow and remove more barriers to business.”

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