Degussa Bank, Giromatch partner for virtual Visa credit card

Thursday 22 February 2018 09:33 CET | News

Degussa Bank and Germany-based start-up Giromatch have collaborated to roll out a pilot project offering a virtual Visa credit card for shopping with Amazon Business.

As part of the project, corporate customers will be able to use the card for shopping and benefit from a “liquidity advantage” due to longer payment terms.

The two partners aim to continually observe the customers’ feedback in order to develop the digital application and to transfer the experience to other product groups.

Giromatch will access applicants’ information via an API and summarise it for Degussa Bank. The digital account view will enables an overview of the financial data of a company, therefore creating the basis for loan decisions. The loan decision will be the bank’s responsibility, Giromatch acting as a digital real-time data processor.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Degussa Bank, Giromatch, Germany, Visa, credit card, start-up
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce