BBVA adds Mastercard to its corporate expense management solutionFebruary 13, 2023 | Madrid, Spain
BBVA has strengthened its corporate expense management solution, Pivot Commercial Cards, with the successful integration of Mastercard for its customers in Spain.
The Solred Mastercard is now available through the SAP Concur and Emburse Captio expense management tools used by Pivot Commercial Cards customers. In the coming months it will be integrated into the platform's other expense management systems.
The Pivot Commercial Cards platform allows greater control over the use of corporate cards by simplifying the review and authorisation processes for expenses.
Additionally the offering for Pivot Commercial Cards customers will be extended to other products and countries where BBVA is an issuer of Mastercard corporate cards.
“The incorporation of Mastercard products and solutions into Pivot Commercial Cards reinforces our commitment to offer the most relevant products for corporate payments to our customers. Our seamless integration with the leading expense management tools to facilitate control and traceability will give customers the flexibility to choose what best suits their needs,” says Javier Balbin, Global Head of SME and Enterprise Solutions at BBVA.
Paloma Real, General Manager of Mastercard Spain, says; “we are delighted to join Pivot Commercial Cards together with BBVA to continue supporting businesses through payments. In this way, companies will benefit from a series of advantages that will give them financial control, as well as the flexibility to guarantee the management of expenses in the simplest and most secure way possible.”
Pivot Commercial Cards is available in Spain, Portugal, Turkey, Mexico, Argentina, Colombia, Peru and Uruguay, where more than 85,000 employees use the solution, managing in excess of 260,000 purchases per month.
Pivot Commercial Cards is a solution from BBVA Pivot, BBVA's suite of solutions designed to optimise cash and liquidity management for companies that operate in multiple countries and have to deal with different currencies, timetables and regulations. The solution allows centralised operations in 21 countries through direct channels, SWIFT, web or app, with expert and comprehensive support throughout the process.
The corporate service is operational in South America (Argentina, Peru, Colombia, Uruguay, Venezuela and through its partner in Chile), Europe (Spain, Turkey, Belgium, France, Portugal and the United Kingdom), Mexico, the United States and Hong Kong. Since the end of 2022, thanks to an agreement with BAC Credomatic, BBVA Pivot has also been available in Central America for customers in Costa Rica, Guatemala, Nicaragua, Panama, Honduras and El Salvador.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.