1. Set up virtual cards for supplier payments
  2. Overview of Virtual Cards

Overview of Virtual Cards

Virtual cards are digital payment instruments used to make supplier payments. They function like physical cards but are generated electronically, with a 16-digit card number and a CVV code that can be used to complete business transactions.

Using virtual cards:

  • Optimizes working capital
  • Reduces exposure of bank account details
  • Improves control and visibility of payments
  • Simplifies reconciliation of transactions