Mastercard has introduced an embedded virtual card payment capability in Australia, with Westpac becoming the first commercial issuer in the country to activate the solution for clients using Oracle Fusion Cloud Enterprise Resource Planning (ERP).

The system integrates Mastercard’s virtual card technology with Oracle’s business-to-business platform, embedding payments directly within Oracle Cloud ERP.

This gives businesses real-time visibility, greater control, improved working capital management, and streamlined supplier onboarding within their existing systems.

“Manual commercial payments are the silent drag on growth, slowing operations, increasing exposure, and tying up capital that should be fuelling innovation,”

said Anouska Ladds, Executive Vice President, Commercial and New Payment Flows, Asia Pacific at Mastercard.

“By embedding our virtual card technology into enterprise workflows like the Oracle Cloud ERP, we are removing long-standing friction and empowering organisations across Asia Pacific to operate at the scale and speed of today’s economy.”

Catherine You, Group Vice President at Oracle, added:

“Consumers have long enjoyed fast, frictionless transactions, but the business-to-business world has lagged behind with outdated, cumbersome processes. Through this collaboration, we’re reimagining how businesses transact by empowering mutual customers to streamline cash management, tap into credit, and arrange financing all from one unified platform within Oracle Cloud ERP.”

The solution is intended to replace manual and fragmented processes with a centralised payment flow, offering automated reconciliation and detailed remittance data to reduce errors and improve transparency.

It is embedded within customers’ existing Oracle Cloud ERP subscriptions, avoiding the need for additional technical integration.

Featured image credit: Edited by Fintech News Singapore, based on image by starline via Freepik