Wirecard, Payhawk team up to launch a Visa corporate card

Tuesday 16 June 2020 09:25 CET | News

Wirecard has revealed it is collaborating with Bulgaria-based fintech Payhawk to launch a new Visa corporate card to provide companies with a solution to manage corporate expenses. 

Payhawk was founded in 2018 and it offers an all-in-one corporate expense and spend management service for small and medium sized companies. The fintech provides a mobile app and web interface to give their corporate clients a comprehensive dashboard for complete control and transparency over employees’ spending, travel expenses, or other transactions. The company will benefit from Wirecard’s tailor-made corporate expense card solution including end-to-end card infrastructure and Wirecard’s expertise in the payment industry.

The cooperation between the three companies will enable the Bulgarian startup to address new target groups in Europe with a particular focus on small and medium-sized enterprises who currently lack digital solutions for expense management and need to address the complexities of managing company cards. 

Wirecard’s solution and end-to-end card infrastructure also includes e-money license, issuing license, fraud and risk management, issuing processing, and card management platform. Each card  will be available in both virtual and physical form, and can be individually controlled by assigning monthly budgets, spend limits or being part of a more complex request and approval workflow. 

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Keywords: Wirecard, Payhawk, launch, Visa, cards, expenses, accounting, digital financial technology, Bulgaria, fintech, collaboration, management, startup, card infrastructure, e-money, fraud, risk management, issuing processing, card management
Categories: Payments & Commerce
Countries: Bulgaria
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