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Virtual Cards Brought Flexibility and Security to B2B Payments in 2024

  • The adoption of virtual cards in 2024 signaled a shift in how businesses approach B2B payments.
  • Virtual cards address inefficiencies in traditional payment methods by offering flexibility, security, cost savings, and automation.
  • Supplier acceptance has been a hurdle, but educational initiatives are breaking down resistance and showing the benefits of virtual cards.
  • Looking ahead to 2025, the use of virtual cards in B2B payments is projected to increase, particularly in retail and marketplace sectors.

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