TLDR Tech / Fintech
JP Morgan Payments rolls out virtual B2B card in Europe
JP Morgan is bringing its mature US virtual card model to Europe through a new partnership with Mastercard, targeting a market where B2B payments still rely heavily on bank transfers. The rollout goes beyond just issuing cards by bundling supplier onboarding, acceptance, and automated reconciliation into a more complete payments infrastructure, with early focus on complex sectors like travel. By addressing long-standing adoption barriers, the move positions virtual cards as a scalable alternative to traditional B2B payment rails and a lever for improving working capital.
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