Visa has entered a strategic partnership with European e-invoicing platform Banqup to integrate payment solutions directly into its interface. The collaboration embeds Visa Direct and virtual commercial cards into the Banqup platform, allowing small and medium-sized enterprises (SMEs) to streamline invoice payments and manage cash flow.
The partnership addresses upcoming mandatory e-invoicing and digital tax reporting regulations across the European Union. By embedding these payment capabilities, Visa aims to facilitate seamless regulatory compliance for businesses.
The integrated solution converts new regulatory requirements into a digitization opportunity. This transition is intended to reduce administrative costs and provide SMEs with improved financial insights.