Mastercard has partnered with self-service payment portal Pay4You to introduce a tail spend management solution for businesses in Europe.
The collaboration targets the 20% of a company’s expenditures that often go unmanaged by procurement. By integrating Pay4You’s platform with Mastercard’s virtual card technology, organizations can reduce costs, enhance process efficiencies, and ensure compliance while improving the user experience for employees.
This partnership also provides issuers with an opportunity to capture new transaction flows that typically involve account-to-account payments.
Lourens Stamhuis, CEO of Pay4You, stated, “We are proud to partner with Mastercard to offer companies a smarter way to manage small, high-volume supplier payments, combining working capital optimization with seamless transaction flows. Corporate credit cards have long been underutilized in this area, and that is about to change.”
Johanna Waara, SVP and head of corporate solutions for Europe at Mastercard, added, “By leveraging our virtual card technology within the Pay4You platform, we are enabling corporations to better manage their expenditures and drive greater financial efficiency.”