MA · Earnings call · 2026Q3T · Full report

Virtual Cards Expansion

Mastercard Inc · 2026-10-29 · Importance 24 · Surprise 42

Mastercard is embedding virtual cards into business workflows to digitize accounts-payable and invoice payments. Tungsten Automation is adding Mastercard virtual-card technology to its automated accounts-payable offerings, serving enterprise customers through a platform used by more than 25,000 customers. A large U.S. retailer consolidated more than $100 million of supplier payments through Mastercard virtual cards via Coupa, with an estimated $35 million in supplier-onboarding cost savings. The quarter's travel-related wins are expected to generate more than $20 billion in incremental network spend over the agreements' lifetimes, and Checkout.com expands Mastercard's channel to travel businesses in the UAE.

Key facts

• Tungsten Automation is adding Mastercard virtual card technology to its automated accounts payable offerings.
• A large U.S. retailer consolidated more than $100 million in supplier payments using Mastercard virtual cards through Coupa.
• The U.S. retailer's virtual-card decision reduced the number of suppliers requiring onboarding and saved an estimated $35 million in onboarding costs.
• Mastercard expanded its relationship with Checkout.com in the UAE to bring Mastercard virtual cards to travel businesses at scale.