BBVA Integrates Mastercard Corporate Cards into Pivot Commercial Cards Platform

BBVA Integrates Mastercard Corporate Cards into Pivot Commercial Cards Platform

(IN BRIEF) BBVA has announced that it is integrating Mastercard corporate cards expense management into its Pivot Commercial Cards platform, which simplifies the review and authorisation processes for expenses, providing greater control over the use of corporate cards. The platform currently manages daily purchases for over 85,000 employees of client companies across eight countries. In the first phase, the Solred Mastercard will be incorporated, which offers fuel discounts and VAT itemised invoices. The card will be available through the SAP Concur and Emburse Captio expense management tools used by Pivot Commercial Cards customers. The Pivot Commercial Cards platform also offers a high degree of automation and a more agile process of approval and daily review of card movements.

(PRESS RELEASE) BILBAO, 13-Feb-2023 — /EuropaWire/ — BBVA (BME: BBVA), a Spanish multinational financial services company, announces an update to its Pivot Commercial Cards platform with the addition of support for Mastercard corporate cards expense management. This update allows for greater control over the use of corporate cards by streamlining expense review and authorisation processes, simplifying management for clients across a range of industries.

The Pivot Commercial Cards platform is designed to manage daily purchases made by employees of client companies using BBVA’s corporate cards. It currently manages expenses for over 85,000 employees across eight countries, including Spain, Portugal, Turkey, Mexico, Argentina, Colombia, Peru, and Uruguay.

The platform is part of the BBVA Pivot ecosystem, which provides a range of solutions to support companies in their international activities. BBVA is committed to making the process of managing corporate card expenses more agile and automated, so that companies can focus on growing their business.

“The incorporation of Mastercard products and solutions into Pivot Commercial Cards reinforces our commitment to offer the most relevant products for corporate payments to our customers. Our seamless integration with the leading expense management tools to facilitate control and traceability will give customers the flexibility to choose what best suits their needs,” explains Javier Balbin, Global Head of SME and Enterprise Solutions at BBVA.

Paloma Real, General Manager of Mastercard Spain, emphasises that “we are delighted to join Pivot Commercial Cards together with BBVA to continue supporting businesses through payments. In this way, companies will benefit from a series of advantages that will give them financial control, as well as the flexibility to guarantee the management of expenses in the simplest and most secure way possible.”

The integration of Mastercard corporate cards for BBVA’s customers in Spain has been successful, with the Solred Mastercard being the first to be incorporated in the platform. The Solred Mastercard offers benefits such as fuel discounts and the generation of invoices with itemized VAT. The card is already available through the SAP Concur and Emburse Captio expense management tools used by Pivot Commercial Cards customers. In the coming months, it will be integrated into the platform’s other expense management systems, giving clients greater flexibility.

The Pivot Commercial Cards platform offers a high degree of automation, enabling employees to reduce the time spent entering their expenses. This, combined with a more agile process of approval and daily review of all card movements, provides clients with greater control over their expenses.

Additionally, BBVA plans to extend the offering for Pivot Commercial Cards customers to other products and countries where it is an issuer of Mastercard corporate cards. This move is aimed at further increasing the flexibility and convenience of the platform for its clients.

In conclusion, the integration of Mastercard corporate cards with BBVA’s Pivot Commercial Cards platform is an exciting development that offers clients a more agile, automated, and streamlined expense management experience. With the platform’s current presence across eight countries and plans to expand to other products and countries, BBVA continues to demonstrate its commitment to supporting the needs of its clients as they grow their businesses.

BBVA Pivot

Pivot Commercial Cards is a solution from BBVA Pivot, BBVA’s suite of solutions designed to optimise cash and liquidity management for companies that operate in multiple countries and have to deal with different currencies, timetables and regulations. The solution allows centralised operations in 21 countries through direct channels, SWIFT, web or app, with expert and comprehensive support throughout the process.

The corporate service is operational in South America (Argentina, Peru, Colombia, Uruguay, Venezuela and through its partner in Chile), Europe (Spain, Turkey, Belgium, France, Portugal and the United Kingdom), Mexico, the United States and Hong Kong. Since the end of 2022, thanks to an agreement with BAC Credomatic, BBVA Pivot has also been available in Central America for customers in Costa Rica, Guatemala, Nicaragua, Panama, Honduras and El Salvador.

BBVA Pivot already serves more than 1,600 business groups and is attracting new customers at a rate of more than 25% a year.

About Mastercard

Mastercard is a global technology company in the payments industry. Its mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, its innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Its decency quotient, or DQ, drives our culture and everything Mastercard do inside and outside the company. With connections across more than 210 countries and territories, it is building a sustainable world that unlocks priceless possibilities for all.

SOURCE: Banco Bilbao Vizcaya Argentaria, S.A.


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