Commerzbank to Launch Fully Digital Credit Cards for SMBs in Q3

Commerzbank is set to expand its lending services by introducing fully digital credit cards for its small and medium-sized business (SMB) customers. Developed in partnership with fintech company Pliant and neosfer, the bank’s innovation unit and early-stage investor, the new offering will launch in the third quarter of 2024.

The fully digital credit card solution will allow business customers to manage their card portfolios independently and integrate the solution into their billing processes. This feature simplifies the issuance of new cards to employees and includes controls to restrict card usage by time frame and purchase type.

Tobias Knoll, head of value stream accounts and payment methods for Commerzbank’s private and SMB segment, stated, “With our new digital credit card solution, we enable our customers to make their billing processes more efficient and thus save costs and time.”

Commerzbank serves approximately 25,500 corporate client groups and nearly 11 million private and SMB customers across Germany. The bank’s latest initiative is part of its broader strategy to support payment solutions for small businesses, as demonstrated by its recent collaboration with American paytech firm Global Payments.

In January, Commerzbank and Global Payments announced the creation of Commerz Globalpay, a joint venture aimed at delivering a range of digital payment capabilities to small businesses in Germany. This includes mobile payment acceptance, card terminals, and e-commerce solutions.

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