⚡️Mastercard Leads the Way in Promoting Virtual Card Adoption

⚡️Mastercard Leads the Way in Promoting Virtual Card Adoption

Mastercard’s new initiative is based on its Virtual Card Number (VCN) technology, which as of April 1 enables seamless business and consumer payments with registered partners.

▶️ This technology streamlines workflows for corporate end users and integrates with payment systems such as HRS and Cvent, which are widely utilized in the business sector.

▶️ Platform partners can now provide integrated payments with reduced technical effort. There is no longer a need for banks and partners to maintain direct relationships to participate.

▶️ Mastercard is also working with ERP (Enterprise Resource Planning) platforms to expand the reach of this solution. The VCN market is estimated to be worth around $80 trillion.

▶️ Context: Since the beginning of the year, Mastercard shares have increased by 4.2%, slightly outperforming the sector average of 4.1%.

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