Taulia and Cornèr Group Join Forces to Launch Virtual Cards for Seamless B2B Payments in Switzerland and Liechtenstein
In an exciting development for businesses in Switzerland and Liechtenstein, Taulia, a prominent provider of working capital management solutions and a subsidiary of SAP, has joined forces with Cornèr Group. This partnership aims to introduce Virtual Cards tailored specifically for B2B customers, enhancing payment solutions within the SAP ecosystem.
Enhancing Payment Solutions for B2B Customers
The collaboration between Taulia and Cornèr Group is set to revolutionize payment processes for businesses in the region. By integrating Virtual Cards into the SAP platform, this initiative is designed to:
- Improve visibility into spending
- Streamline operational processes
- Enhance spend control for B2B customers
Benefits of Virtual Cards for Businesses
As part of this initiative, businesses will enjoy several advantages:
- Increased Security: Enhanced security features will protect sensitive payment information.
- Better Spend Management: Companies can better manage their expenditures through improved tracking.
- Improved Working Capital Efficiency: Virtual Cards facilitate timely payments, bolstering supplier cash flow.
About Taulia and Cornèr Group
Taulia is recognized for its innovative financial solutions that optimize cash flow and liquidity for businesses. This includes offering early payment options, supply chain finance, and now, Virtual Cards. As a part of the SAP group, Taulia continues to lead in working capital management solutions.
On the other hand, Cornèr Group, a key player in the Swiss financial landscape, operates the well-regarded Cornèrcard brand, which includes a variety of prepaid, credit, and debit cards. The group is dedicated to providing secure and innovative payment solutions for both individual and corporate clients.
Launch Timeline
The highly anticipated launch of the Cornèrcard-Taulia Virtual Cards is scheduled for the second half of 2025. This development promises to offer businesses a flexible and efficient method for managing procurement and supply chain expenses, all while optimizing administrative processes.
Expert Insights
Danielle Weinblatt, Chief Product Officer at Taulia, expressed enthusiasm about the partnership, stating, “We are committed to empowering businesses with innovative solutions that drive efficiency and financial flexibility. By collaborating with Cornèr Group, we aim to enhance access to Virtual Cards, allowing businesses in Switzerland, Liechtenstein, and other parts of Europe to optimize spend management and improve working capital.”
Alessandro Seralvo, Executive Vice President at Cornèr Bank, shared his thoughts, noting, “We are thrilled to collaborate with Taulia. The Taulia Virtual Card solution sets new standards for modern B2B operations, offering practical benefits and real added value for our customers.”
Lucy Demery, SVP at Visa Europe, also commented on the collaboration, highlighting the importance of embedded finance, stating, “This partnership will transform payments across the ecosystem, delivering a more seamless and efficient experience.”
The Future of B2B Payments
This initiative highlights the increasing significance of embedded finance solutions in B2B payments, with Virtual Cards playing a crucial role in modernizing corporate payment processes. For more information about Taulia and its offerings, visit their official website.
