Commonwealth Bank has signed an agreement with Mastercard and Conferma to introduce new single-use virtual cards for corporate travel.
The agreement aims to enable bank’s customers to benefit from a better corporate payment experience and spend controls. The virtual cards will leverage Mastercard’s In Control solution, helping corporates in managing their business travel expenses.
Conferma’s travel payments ecosystem, embedded with Mastercard virtual card, includes all global distribution platforms and a large number of travel management companies. Its clients will now be able to use their preferred booking tools and control travel spend.