Visa (NYSE: V) and Transcard announced the launch of an embedded finance platform, intended to support payments and working capital solutions in the freight and logistics sector. As a part of their effort, Visa and Transcard are working on agentic initiatives for the B2B segment.
This alliance puts embedded credit and working capital solutions in the hands of “freight forwarders and airline carriers on WebCargo by Freightos (Nasdaq: CRGO), a digital booking and payments platform in the freight industry.”
By combining Visa’s expertise in commercial solutions with Transcard’s payment orchestration tech, WebCargo users can gain “access to flexible credit terms, seamless onboarding and automated reconciliation for air cargo transactions.”
The solution, built on Visa’s virtual card infrastructure, unlocks the cash flow bottlenecks between “freight forwarders and airlines, and elevates the digital freight booking and payment experience for all participants.”
Visa and Transcard are said to be exploring agentic use cases for the B2B segment, while Visa Intelligent Commerce (VIC) is working “to develop Commercial standards and tools to help agents reach suppliers and transact securely.”
Transcard has agentic experiences built into its platform to deliver automation, provide proactive insights and “help its customers manage cash flow more efficiently.”
Together, these capabilities aim to deliver “dynamic payment orchestration, improved working capital management and actionable intelligence in an agent-driven commerce workflow.”
This collaboration reflects a continued commitment to advancing digital transformation in freight by fostering greater connectivity, operational efficiency and financial agility for airlines, forwarders and their customers.
Visa (NYSE: V) is a an enabler of digital payments, “facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories.”
Their mission is to connect the world via “the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.”
As noted in the update, Transcard offers various payment orchestration solutions for banking platforms, fintechs, as well as businesses.
Their AI-powered embedded payment solutions enable enhanced transactions, collaboration, and data sharing with customers and suppliers internationally.
Transcard’s solutions reportedly bring together different multi-rail capabilities, embedded workflows, system of record integration, reconciliation, as well as so-called “bank-grade” security in order to support B2B and B2C payments for businesses of various sizes.
They aim to streamline financial operations with digital payments, monitor real-time activity, reduce fraud risk, and “improve customer and vendor experience with an all-in-one payment portal.”