Corporate payment specialist AirPlus has partnered with French fintech firm Kresus Technologies and Mastercard to launch an integrated payment and approval platform for European businesses, the companies said in a statement.
The partnership combines AirPlus virtual cards with Kresus’ technical infrastructure – which it describes as “the orchestration layer that turns corporate card programmes into intelligent payment experiences”– and Mastercard’s global acceptance network.
According to the companies, the platform will enable businesses to pay “a broad range of suppliers”, set up transaction approval workflows aligned with internal policies, and automatically reconcile payments with existing ERP and finance systems.
David Baker, head of global bank and distribution, B2B partners and solution sales at AirPlus International, said: “By combining our virtual card expertise with Kresus’ technology platform and the Mastercard network, we offer procurement and finance departments an operational solution for non-strategic purchases, immediately deployable across Europe.”
César Vial, CEO of Kresus Technologies added that the partnership “creates a uniquely powerful approach [to payments] that the European market has never seen before.”