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Visa and PingPong launch a card-to-account cross-border payment option for businesses
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 10, 1:38 PM EDT

Visa and PingPong launch a card-to-account cross-border payment option for businesses

The Visa-linked service is designed to let companies pay suppliers across borders using credit cards, even if the supplier does not accept cards, with fast settlement and a pitch of extended working capital. Initial availability is focused on the EU, UK, and Hong Kong.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Visa is expanding its cross-border payments toolkit with a new “card-to-account” solution aimed at business buyers, partnering with PingPong to let companies settle supplier payments through Visa credit card rails while delivering funds to suppliers in an account-based format.

The companies said the approach is built for scenarios where buyers want to use credit cards but suppliers may not take card payments. In those cases, Visa and PingPong positioned the method as a way to bridge the gap between card-based payer funding and account-based supplier receipt.

Visa and PingPong also said the solution can extend working capital by at least 45 days without adding additional debt to cover payment obligations. The pitch is that buyers use card terms for their outgoing payments while suppliers receive funds through the account settlement mechanism.

Geographically, the service is launching initially in the European Union, the United Kingdom, and Hong Kong. Visa and PingPong said the rollout to the United States and Singapore is expected later this year.

At launch, the solution is described as supporting transactions across 170 countries and 25 currencies. The companies said payments will settle the same day or within two days, depending on the transaction flow.

The announcement arrives as Visa continues to invest in payment infrastructure beyond traditional card processing, including work related to stablecoins and other blockchain-linked settlement concepts. In the same reporting, Visa is described as having begun stablecoin settlement offerings for US banks and operating programs to help fintechs issue stablecoin-linked cards across multiple countries, themes that align with the company’s broader focus on speed and efficiency in payments.

Still, Visa and PingPong did not provide full commercial details in the announcement coverage, including pricing for merchants, the specific contractual terms that govern buyer-to-supplier settlement, or how underwriting and risk controls are handled in the card-to-account conversion. It also was not clear how the service interacts with each company’s existing payment, reconciliation, or compliance workflows beyond the stated functionality.

Why It Matters

  • Cross-border B2B payments remain logistically complex and often slower than card consumer payments, so tooling that reduces settlement time and supports a mix of card-based buyers and non-card-accepting suppliers could improve transaction conversion.
  • Extending working capital by linking payments to card terms could be attractive to corporate treasurers, especially for mid-market companies trying to preserve liquidity.
  • The launch reinforces Visa’s strategy to broaden its role from card networks into faster settlement layers that can incorporate newer rails and payment technologies.
  • Because the announcement does not include pricing or risk-management mechanics, the commercial impact will likely depend on implementation costs, eligibility, and how banks and payment partners integrate the service.

Sources

Key Facts

  • Visa and PingPong announced a card-to-account payment solution for businesses designed for cross-border supplier payments.
  • The method is intended to work even when the supplier does not accept card payments, by settling to the supplier via an account-based flow.
  • Visa and PingPong said the solution can extend working capital by at least 45 days without taking on additional debt to meet payment obligations.
  • Initial availability is in the EU, UK, and Hong Kong, with the US and Singapore expected later this year.
  • The service is described as supporting payments across 170 countries and 25 currencies, with settlement same day or within two days.

Finance Related

Visa and PingPong launch a card-to-account cross-border payment option for businesses | The Apex Times