Visa Teams With Edenred to Bolster Commercial Payments

Core Insights - Edenred has partnered with Visa to enhance its payment solutions, allowing the issuance of Visa credentials for various activities including benefits, mobility, and B2B payments [2][3][4] - The collaboration combines Visa's extensive network and innovation capabilities with Edenred's market expertise and proprietary technology, facilitating access to commercial and B2B payment solutions [3][4] - The partnership aims to improve commercial payments and provide more solutions for businesses and employees, showcasing Edenred's technology leadership [4][5] Company Developments - The partnership will enable the introduction of Visa-enabled Edenred virtual payment solutions starting next year, with plans for additional programs across Europe [5] - Edenred and Visa have previously collaborated in Latin America and the United States, indicating a strong foundation for future growth [5] Industry Trends - The shift towards embedded finance is becoming a strategic imperative for companies, with nearly all major firms integrating financial services into their platforms to enhance customer engagement and loyalty [6][7] - A significant majority (93%) of firms believe that the benefits of embedded finance outweigh the challenges, highlighting the urgency for companies to upgrade their systems [7]