Mastercard manages companies' residual expenses with Pay4You

The American payment giant Mastercard works to enrich its services continuously. For this purpose, it relies in particular on the signatures of partnerships, with various actors able to help it diversify. Last example with the formalization of its association with Pay4You, a self-service payment platform specialized in automated B2B payments management.

FACTS

• The two new partners, Mastercard and Pay4You, have chosen to come closer to combine their technologies and expertise. They share Pay4You's payment flow platform and Mastercard's Virtual Card Network (VCN) technology.

• The aim of this mutualisation is clear: to launch a new value-added service for European companies, to help them manage their residual expenditure or "tail depends" (small and non-strategic expenses of an enterprise, of low unit value but high volume such as purchases of office supplies or small equipment, for example).

• The combination of the Self-Service Pay4You platform with Mastercard virtual card technology aims to digitize, centralize and automate these payments, reducing administrative costs, fraud risks and reconciliation errors.

• The use of Mastercard (VCN) virtual cards also guarantees acceptance of payments and simplifies collaboration with suppliers who previously refused card payments.

ISSUES

• Optimize processes : The management of "tail hang" is usually a secondary activity for the purchasing and financial branches, due to its fragmentation and the cumbersome manual processes. However, they account for almost 20% of a company's total expenditure according to Mastercard. Gold Mastercard and Pay4You are just trying to optimize these processes to improve the working capital of companies and simplify the procedures.

• Winning legitimacy The signing of such a partnership for an actor like Pay4You is a way to enhance its reputation and value as a financial services platform. Pay4You was the finalist of the Western European Mastercard for Fintechs 2024.

PERSPECTIVE

• The management of professional expenditure has been the envy of many players in the financial services sector for years now. In 2022, for example, the French bank BNP Paribas Associated with the specialized Fintech Expensya to offer a service model supposed to renew the sector. This reconciliation allowed BNP Paribas to establish itself in a market covered by alternative actors Mostly.

• Expensya was subsequently, in June 2023, redeemed by an American reference for processing invoices and expenses in company, Media.

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