Travel
and expense management platform Mesh Payments has partnered with
Amsterdam-based fintech company Adyen to issue its cards, a capability
that Mesh said will help scale its operations in the UK and Europe.
With
the partnership, Mesh is integrating Adyen's financial technology to
issue its local currency cards in the UK and Europe, which enables
companies to avoid foreign exchange fees, according to Mesh. Companies
also can use primary corporate cards from other providers alongside the
Adyen-powered cards, with Mesh unifying spend management through its
platform.
Mesh CEO and co-founder Oded Zehavi noted that Mesh's
European and UK operations already are "serving a growing number of
global enterprises", and Mesh has had issuing capabilities in the
region via global fintech platform Nium. With Adyen as a partner, Mesh
will be able to "onboard more clients from various categories with less
friction", he said.
"We are moving beyond market entry to a
massive scale," according to Zehavi. "By integrating Adyen's global
financial infrastructure, we are ensuring that our customers enjoy
robust, high-performance local card capabilities that can grow as fast
as they do, without ever forcing them to compromise on their existing
banking relationships."
Adyen's reported clients include Meta, Uber, H&M, eBay and Microsoft.