Visa and Transcard Collaborate to Deliver Advanced Embedded Working Capital Solutions in Freight & Logistics

9 hours ago 1

Article content

New partnership expands the reach of embedded finance for the freight sector, powering operational agility for WebCargo by Freightos

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

®

Article content

Article content

users

Article content

SAN FRANCISCO — Visa and Transcard today announced the launch of a next-generation embedded finance platform, designed to power payments and working capital solutions in the freight and logistics industry. As a part of their joint effort, Visa and Transcard are also collaborating on agentic initiatives for the B2B segment.

Article content

This alliance puts embedded credit and working capital solutions in the hands of freight forwarders and airline carriers on WebCargo by Freightos (Nasdaq: CRGO), a leading digital booking and payments platform in the freight industry. By combining Visa’s global expertise in commercial solutions with Transcard’s leading-edge payment orchestration technology, WebCargo users can now gain access to flexible credit terms, seamless onboarding and automated reconciliation for air cargo transactions. The solution, built on Visa’s virtual card infrastructure, unlocks the cash flow bottlenecks between freight forwarders and airlines, and elevates the digital freight booking and payment experience for all participants.

Article content

Article content

Visa and Transcard are also exploring agentic use cases for the B2B segment, while Visa Intelligent Commerce (VIC) is working to develop Commercial standards and tools to help agents reach suppliers and transact securely. Transcard has agentic experiences built into its platform to deliver automation, provide proactive insights and help its customers manage cash flow more efficiently. Together, these capabilities aim to deliver dynamic payment orchestration, improved working capital management and actionable intelligence in an agent-driven commerce workflow.

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

“At Visa, we’re focused on building the future of payments through secure, scalable and intelligent commercial solutions,” said Darren Parslow, Global Head of Visa Commercial Solutions. “Our partnership with Transcard reflects our commitment to advancing the industry, leveraging our technology and expertise to help businesses streamline operations and grow with confidence in a rapidly evolving global market.”

Article content

“This partnership strengthens our embedded B2B payment and working capital solution and delivers intelligent payment orchestration with agentic AI functionality,” said Greg Bloh, Transcard CEO. “Together with Visa, we’re elevating the digital freight booking and payment experience for WebCargo by Freightos and driving innovation across the sector.”

Article content

“At Freightos, our mission is to make global trade frictionless,” said Zvi Schreiber, CEO of Freightos. “That means not only helping importers, exporters and freight forwarders to instantly compare, book, and manage freight services online—but also making it easier to pay for those services in a modern, seamless way. Our partnership with Visa and Transcard brings us one step closer to a future where international trade is as easy to transact as booking a flight or taxi online.”

Article content

“This partnership underscores Visa’s investment in embedded finance and agentic commerce to become a key enabler of innovation in the commercial payment space,” said Piyush Tiwari, Head of Global Strategic Partnerships, Visa Commercial Solutions. “Specifically, our integrated approach with Transcard and Freightos connects the dots for both airlines and freight forwarders and offers working capital efficiencies that can help drive real business growth. We are proud to support WebCargo by Freightos in shaping a smarter, more resilient freight ecosystem.”

Article content

Article content

This collaboration reflects a continued commitment to advancing digital transformation in freight by fostering greater connectivity, operational efficiency and financial agility for airlines, forwarders and their customers.

Article content

About Visa Inc.

Article content

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Article content

About Transcard

Article content

Transcard offers comprehensive payment orchestration solutions for banks, fintechs, and businesses. Our AI-powered embedded payment solutions enable seamless transactions, collaboration, and data sharing with customers and suppliers globally. Transcard’s solutions combine multi-rail capabilities, embedded workflows, system of record integration, effortless reconciliation, and bank-grade security to support B2B and B2C payments for businesses of all sizes. Streamline financial operations with digital payments, monitor real-time activity, reduce fraud risk, and improve customer and vendor experience with an all-in-one payment portal. Learn more at Transcard.com.

Article content

About Freightos

Article content

Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient, agile, and resilient.

Article content

The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.

Article content

More information is available at freightos.com/investors.

Article content

Article content

Article content

Article content

View source version on businesswire.com:

Article content

Article content

logo

Article content

Contacts

Article content

Article content

Read Entire Article