Latest news with #payabl.
Business Wire
03-06-2025
- Business
- Business Wire
payabl. launches Virtual Business Cards to empower smarter business spending
LONDON & AMSTERDAM--(BUSINESS WIRE)--Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. "With the launch of our virtual cards service, we're making it easier for companies to take greater control of their payments." Share Virtual cards are a digital alternative to physical credit or debit cards, offering real-time issuance, customisable limits, and transparent spending to streamline expense management and enhance financial oversight. Businesses can generate cards instantly, assign them to team members, set spending limits, and freeze/unfreeze access when needed. Built to simplify B2B payments, payabl.'s Virtual Business Cards are ideal for e-commerce companies needing extra transaction security, start-ups and scale-ups managing supplier budgets and global teams with travel and multi-currency expenses. The new proposition further strengthens payabl.'s Business Accounts offering and underpins the company's commitment to helping businesses stay ahead in today's rapidly evolving payments landscape. Ugne Buraciene, Group CEO of payabl., said: 'With the launch of our virtual cards service, we're making it easier for companies to take greater control of their payments. From improved oversight of spending, to the ability to set budgets and ensure the highest level of security, payabl. is removing the friction from payments so businesses can focus on what really matters: growing their businesses and better serving their customers and partners.' payabl.'s virtual cards service has been designed specifically to meet growing merchant demand and usage, with the total volume of virtual card transactions expected to reach 175 billion by 2028, rising from 36 billion in 2023*. The value that virtual cards bring to businesses is evident, with 94% of firms that use them saying their transactions are faster, more detailed, and more secure**. Breno Oliveira, Head of Product at payabl., added: "The virtual cards market is booming, with transactions now in the billions and set to rise significantly. While much focus has been on consumer use cases, the value they can bring to businesses in cutting admin time spent on payments and boosting productivity is evident. And at payabl., we're unlocking those benefits for more businesses.' Card issuance now sits alongside payabl.'s wide range of payment solutions, including card acquiring, local payment methods, and point-of-sale (POS) terminals. Its Business Accounts enable customers to send, receive, and manage multi-currency payments 24/7/365, with access to an all-in-one dashboard and dedicated client relationship managers. Notes to editors Find out more about payabl.'s business accounts: *Virtual Cards Market Statistics 2023-2028, Juniper Research: About payabl. Established in 2011, payabl. is a leading financial technology provider with offices in Germany, the Netherlands, Cyprus, and the UK. The company offers a comprehensive range of payment products, including card acquiring, business accounts, integration to over 300 local payment methods, and POS terminals. payabl. offers its customers a high-tech, high-touch approach, providing future-proofed payment solutions to merchants from a wide range of sectors around the world. With unrivalled experience in helping clients navigate the complexity of an ever-evolving payments environment, payabl. is the trusted partner for the world's most innovative merchants to unlock growth. To learn more, visit:
Yahoo
03-06-2025
- Business
- Yahoo
payabl. launches Virtual Business Cards to empower smarter business spending
payabl.'s Virtual Business Cards service enables businesses to take greater control of their payments. The number of virtual card transactions is set to reach 175 billion, with more businesses looking to access the better security, expense management and oversight they offer. The move will further enhance payabl.'s already extensive suite of services, which includes multi-currency business accounts, card acquiring, local payment methods and point-of-sale (POS) terminals. LONDON & AMSTERDAM, June 03, 2025--(BUSINESS WIRE)--Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. Virtual cards are a digital alternative to physical credit or debit cards, offering real-time issuance, customisable limits, and transparent spending to streamline expense management and enhance financial oversight. Businesses can generate cards instantly, assign them to team members, set spending limits, and freeze/unfreeze access when needed. Built to simplify B2B payments, payabl.'s Virtual Business Cards are ideal for e-commerce companies needing extra transaction security, start-ups and scale-ups managing supplier budgets and global teams with travel and multi-currency expenses. The new proposition further strengthens payabl.'s Business Accounts offering and underpins the company's commitment to helping businesses stay ahead in today's rapidly evolving payments landscape. Ugne Buraciene, Group CEO of payabl., said: "With the launch of our virtual cards service, we're making it easier for companies to take greater control of their payments. From improved oversight of spending, to the ability to set budgets and ensure the highest level of security, payabl. is removing the friction from payments so businesses can focus on what really matters: growing their businesses and better serving their customers and partners." payabl.'s virtual cards service has been designed specifically to meet growing merchant demand and usage, with the total volume of virtual card transactions expected to reach 175 billion by 2028, rising from 36 billion in 2023*. The value that virtual cards bring to businesses is evident, with 94% of firms that use them saying their transactions are faster, more detailed, and more secure**. Breno Oliveira, Head of Product at payabl., added: "The virtual cards market is booming, with transactions now in the billions and set to rise significantly. While much focus has been on consumer use cases, the value they can bring to businesses in cutting admin time spent on payments and boosting productivity is evident. And at payabl., we're unlocking those benefits for more businesses." Card issuance now sits alongside payabl.'s wide range of payment solutions, including card acquiring, local payment methods, and point-of-sale (POS) terminals. Its Business Accounts enable customers to send, receive, and manage multi-currency payments 24/7/365, with access to an all-in-one dashboard and dedicated client relationship managers. Notes to editors Find out more about payabl.'s business accounts: *Virtual Cards Market Statistics 2023-2028, Juniper Research: **PYMNTS, Mastercard Commissioned Study: About payabl. Established in 2011, payabl. is a leading financial technology provider with offices in Germany, the Netherlands, Cyprus, and the UK. The company offers a comprehensive range of payment products, including card acquiring, business accounts, integration to over 300 local payment methods, and POS terminals. payabl. offers its customers a high-tech, high-touch approach, providing future-proofed payment solutions to merchants from a wide range of sectors around the world. With unrivalled experience in helping clients navigate the complexity of an ever-evolving payments environment, payabl. is the trusted partner for the world's most innovative merchants to unlock growth. To learn more, visit: View source version on Contacts Media contactViali +44 (0) 7547 819 438 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
24-04-2025
- Business
- Business Wire
European Shoppers Willing to Switch Payment Methods for Faster Checkouts, but Trust Remains Key, New Research From payabl. Finds
LONDON--(BUSINESS WIRE)--Europeans are increasingly willing to switch online payment methods to access greater speed, convenience and security when shopping, new research from leading European financial technology provider, payabl., finds. More than half (53%) of consumers are open to switching to newer payment methods, with nearly a third (30%) willing to do so for a faster checkout process. However, while convenience and speed are major drivers for the take-up of new payment methods, the findings show that security and trust remain essential for European shoppers when deciding how to pay. The findings, part of payabl.'s latest report – The State of European Checkouts – show that e-commerce is now essential for many European shoppers, with 48% shopping online weekly, spending an average of £53 per transaction. Ugne Buraciene, Group CEO of payabl., said: 'Online shopping has become second nature for consumers, but how they choose to pay is far more intentional than many businesses realise. Our research shows people are open to new ways to pay, but only if it makes their lives easier and feels secure. 'This presents a challenge for retailers, but also a real opportunity. The checkout isn't just a final step – it's a critical moment to build trust, encourage repeat purchases, and differentiate from competitors. Businesses that can offer both speed and safety, with payment options that reflect local preferences, will be the ones that win customer loyalty and drive growth.' Payments are personal – and regional PayPal is the top online payment method for Europeans, with 50% ranking it in their top three methods. Debit cards (39%) and credit cards (33%) follow, but regional preferences vary widely. In the UK, debit cards dominate (63%), while PayPal is the top choice in Germany (71%). In the Netherlands, local method iDeal takes the lead (39%), underscoring the importance for businesses to cater to local payment preferences. The UK and the Netherlands are twice as likely to prefer using mobile wallets for online payments as Germany (19% vs 9%). Consumers overwhelmingly cited speed (46%), convenience (44%) and security (41%) as the top reasons for choosing a payment method, more so than habit (21%) or widespread acceptance (29%). This suggests consumers are actively choosing their payment methods, not just sticking with what they know. Moreover, consumers are also switching payment methods depending on the context; 62% say the value of a purchase influences their choice, with 44% turning to credit cards for high-ticket items, often for the added protection (58%). For businesses, this presents both a challenge and an opportunity: offer the right mix of localised options or risk losing the sale, but also consider promoting new methods, as 53% of consumers say they're open to trying alternatives, especially when incentivised with cashback, discounts or loyalty rewards. Security trumps speed Perhaps unsurprisingly, nearly three-quarters (71%) of consumers are happy to slow down the checkout process if it means stronger fraud protection. But there's confusion about who holds responsibility: 44% think it's on retailers, banks or processors; 24% believe it's the consumer; and 32% just aren't sure. David Birch, Global Ambassador for Consult Hyperion, said: "The research clearly shows that one size doesn't fit all – regional preferences matter and personalisation can make a real difference. Offering a wide range of payment options, from digital wallets to local methods, and backing them with robust fraud protection and clear communication, can make all the difference in turning shoppers into repeat customers. 'To capitalise on the growth of online shopping, retailers must prioritise a seamless and secure checkout experience, with unclear fees, account creation, or poor design likely leading to cart abandonment. The checkout must be seen as more than a point of transaction and instead seen as a way to foster trust and loyalty, boosting conversion rates in the process.' Methodology payabl. engaged independent research house Coleman Parkes to survey 1,400 consumers who have made an online purchase and a purchase in the physical store in the past month, across the UK, Germany and the Netherlands.
