Visa Commercial Pay, in partnership with payments technology provider Conferma Pay, to help improve payment processes for Visa's commercial clients and financial institutions.The suite includes three offerings: The first, Visa Commercial Pay Mobile, is a mobile app with tools that help track and manage business spend.
The suite might appeal to Visa's commercial customers—positioning the network as a leader in the digital B2B payments space. A virtual card provides an efficient payment solution for employees and contractors. This offering eliminates the need for commercial clients to send out physical cards, which might be costly and time-consuming to mail out since most people are working from home.
Visa's expanded digital efforts could aid its pandemic recovery. The card network's latest earnings release shows slight improvement throughout key categories, including US spending volume, which saw a
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