Taulia and Mastercard Launch Virtual Card B2B Payments Solution

Taulia and Mastercard announced a partnership on November 21, 2023, to launch a virtual card B2B payments solution designed for enterprise buyers and suppliers. The solution integrates directly with SAP ERP systems and other enterprise platforms, enabling seamless virtual card issuance within existing procurement workflows. Banks including Degussa and HSBC serve as issuing partners, providing the underlying financial infrastructure for the virtual cards.

Mastercard contributes its card network and payment rails, while Taulia provides the working capital management and supply chain finance platform. The product aims to help businesses optimize working capital by extending payment terms through virtual card payments while giving suppliers faster access to funds. The SAP integration is particularly significant given Taulia's position as an SAP company, enabling deep embedding of financial services into enterprise resource planning systems.

This partnership exemplifies the B2B embedded payments trend where financial services are increasingly integrated at the point of business transaction rather than handled separately.