Taulia taps Mastercard for new fintech

Taulia and Mastercard have joined forces to introduce an innovative working capital management solution for businesses called Taulia Virtual Cards. This collaboration aims to transform working capital management, providing businesses with tools to optimise cash flow and reduce payment uncertainties.

The partnership includes major banks such as Degussa Bank and HSBC, enabling Taulia customers to leverage their existing issuer relationships through a “bring your own bank” feature. This facilitates the deployment of virtual cards via Taulia, enhancing the benefits offered by their own banks while taking advantage of the efficiency of virtual card payments.

The collaboration expands Taulia’s working capital solutions by utilising Mastercard’s virtual cards, delivering significant time and cost savings to corporate entities seeking a more user-friendly experience within their enterprise platforms. The goal is to streamline payment-related tasks for corporates, offering seamless integration across major enterprise resource planning (ERP) platforms, including SAP S/4HANA.

Danielle Weinblatt, Chief Product Officer at Taulia, expressed excitement about the partnership, emphasising the commitment to transforming the world of global trade and commerce by providing customers with a fully embedded working capital management solution prioritising the customer experience.

Rebecca Meeker, Senior Vice President, Global Partnerships and Segments at Mastercard, highlighted the opportunity to accelerate automation and support cash flow through increased access to working capital, emphasising the collaboration’s goal to extend the benefits of virtual cards while prioritising the customer experience.

Arati Kurien, Global Head of Commercial Cards Product Management at HSBC, and Matthias Weiß, Board Member at Degussa Bank AG, both expressed enthusiasm about the partnership and the integrated virtual card payment solution within the Taulia platform, showcasing a commitment to innovation and improved services for clients.