Payful, a Chinese cross-border payment company with a subsidiary in Hong Kong, has launched a cloud-native Visa charge-card programme for corporate and merchant clients on BPC’s next-generation SmartVista platform.
Now, Payful can offer corporate and merchant clients a more secure and efficient way to manage business spending through virtual Visa charge cards in the cloud. The programme gives merchants greater control and flexibility over payments, while users benefit from a smoother digital card experience with stronger protection and real-time visibility.
Payful sought to adopt modern issuing functionality that can be activated quickly, while keeping operating costs low, opting for a cloud model. Having later ambitious expansion plans in mind, Payful wanted a future-proven technology platform that supports continuous product evolution for decades ahead. BPC was the only processor able to meet those demands and offer a comfortable subscription pricing structure aligned with Payful’s growth strategy.
Payful upgraded its issuing stack leveraging next-generation cloud-ready technology. With issuing enhanced, Payful is able to launch new card programmes at speed, including six Visa charge-card products focused on purchasing, travel and corporate credit, without custom coding required, while the fraud prevention layer combines adaptive transactional scoring with 3DS 2.0 functionality for every operation. Leveraging integration capabilities of SmartVista, Payful integrated its core banking system via CBSGate APIs, and rolled out a notification service that pushes real-time updates to merchants and its cardholders.
The introduced solutions in the cloud link each Visa card directly to funds in merchants’ separate settlement accounts at Payful, allowing companies to securely settle supplier invoices or employee travel and expense claims instantly without moving money to an external wallet.
Ben Wang, General Manager of Card Business Unit, International Division, Payful, said: “With BPC’s support, we’ve built a future-proven issuing business within a year. Merchants can now sort their settlement funds through Visa credentials, simplifying supplier payments and employee travel while keeping fraud in check. Our next goal is to replicate this model in key export markets across Oceania, Europe and the Americas.”
Nikhil Gujral, Chief Commercial Officer, APAC, BPC, added: “Payful needed a partner who would allow them to innovate at fintech speed. Our cloud-native microservices architecture allowed that and offered Payful the ability to scale the programme to new jurisdictions whenever they are ready following the Hong Kong debut.”
