Billhop AB, a card-enablement platform, is collaborating with Eurocard, a card issuer in the Nordics.
The partnership will is expected to allow corporate clients within the Nordic region to pay any bill or invoice with Eurocard’s virtual cards.
This payment approach enables businesses “to take on the card processing costs instead of suppliers, granting them enhanced access to their built-in credit lines.”
Eurocard’s virtual cards will be directly “embedded in Billhop AB’s smart bill payment platform, streamlining the payment process, while ensuring enhanced security and precise control over expenses.”
Tashi Gauffin, Chief Commercial Officer at Billhop AB, said:
“Staying ahead of the curve is imperative in the world of B2B transactions. Virtual cards offer a forward-thinking approach to payment solutions and provide unparalleled spend management control. By leveraging Eurocard’s virtual cards through Billhop AB’s card enablement platform, businesses can ensure more efficient and secure financial transactions.”
Erik Hallmén, partner responsible at Eurocard, said:
“By partnering up with Billhop AB we now strengthen our value proposition for our corporate customers and enable them to handle long-tail payments more efficiently.”
At present, most B2B suppliers are “not equipped to accept virtual card payments. Billhop AB’s innovative solution will allow enterprises to increase operational efficiency and keep up with the rapid digitization of B2B payments.”
As noted in the update, Eurocard offer payment solutions “for all kinds of companies and organisations and are a leader on the Nordic market with a wide range of cards, travel accounts and various tools for administration and follow-up that can be adapted to national and international operations.”
The accessibility and freedom offered by them “has contributed to setting the standard for other debit and credit cards on the market since 1965.”
Founded in 2012 with the express aim “to address the low card acceptance rate in the B2B sphere, Billhop AB’s mission has always been to bridge the gap between buyers and suppliers everywhere.”