Visa Collaborates with Bluechain to Establish Business-to-Business Payment Infrastructure for UK Enterprises
In a groundbreaking move, Bluechain and Visa are collaborating to digitally transform traditionally underserved verticals, including construction, freight, hospitality, and wholesale distribution, by modernizing B2B payments in the UK.
The partnership introduces an essential infrastructure layer for B2B payments, allowing businesses to pay any supplier with Visa cards, even if they don't typically accept card payments. This integration is set to redefine how businesses pay, get paid, and grow, bringing B2B payments into the modern, connected world consumers already enjoy.
Bluechain, a B2B payment orchestration platform, is working to build an infrastructure layer that business payments have been missing. By handling billing, collections, reconciliation, and merchant-of-record responsibilities, the platform streamlines the entire payment process, providing real-time visibility, end-to-end control, and greater payment flexibility.
According to Alessandro Figueroa, Head of B2B Partnerships at Visa Europe, businesses need smarter ways to manage payments and data to make better decisions. The partnership between Visa and Bluechain is aimed specifically at modernizing B2B payments for UK businesses, helping them take control of their working capital and reduce financial administration on a large scale.
It is estimated that UK businesses manage over £2.8 trillion in annual B2B spend, much of which is still routed through slow, manual, or siloed systems. By digitizing and making B2B payments more frictionless, visible, and intelligent, the collaboration between Bluechain and Visa aims to unlock universal payment flexibility and improve cash flow, operational efficiency, and payment visibility for UK companies.
With this partnership, the two companies are closely aligning B2B transactions with the speed and connectivity of consumer payments, thereby revolutionizing the way UK businesses manage their finances and streamlining their operations.
[1] Visa and Bluechain Partner to Modernize B2B Payments for UK Businesses [2] Bluechain and Visa Collaborate to Bring B2B Payments into the Modern Era [3] Revolutionizing B2B Payments: Visa and Bluechain Partner to Deliver Real-Time Visibility and Universal Payment Flexibility [4] Bluechain and Visa Team Up to Transform UK Business Payments [5] Bluechain and Visa Partnership Aims to Digitize and Streamline B2B Payments for UK Businesses
[1] This partnership between Visa and Bluechain aims to revolutionize finance in the business world, specifically by modernizing B2B payments.
[2] By leveraging technology, this collaboration intends to digitize and streamline B2B transactions, bringing the ease and speed of consumer payments to UK businesses.
