CTBC Bank Partners with Visa to Launch 'CTBC Smart Pay Card' with API Integration

CTBC Bank Partners with Visa to Launch 'CTBC Smart Pay Card' with API Integration

Facing global economic fluctuations, intensified market competition, and rapidly changing operating environments, enterprises are increasingly demanding greater efficiency in fund allocation and operational resilience. CTBC Bank today (22) announced a partnership with Visa, a global leader in digital payments, to launch an innovative corporate payment solution: the 'CTBC Smart Pay Card.' By integrating with CTBC's existing 'API Banking' service system, the solution introduces virtual card functionality to reduce fraud risks and address pain points in fund management and operational efficiency. It empowers enterprises to build more automated, transparent, and intelligent digital operations, delivering a more innovative payment experience for corporate users.

CTBC Bank General Manager Yang Ming-Hsiang stated, 'CTBC Bank has long been committed to the corporate financial market, upholding the philosophy of walking alongside our business partners. We deeply understand the challenges enterprises face during global expansion and digital transformation. Leveraging our financial influence, we assist corporate clients in enhancing fund allocation flexibility and management efficiency. Recognizing the evolving needs of enterprises in digital operations and fund management, the 'CTBC Smart Pay Card' integrates payment, data, and digital management capabilities to strengthen operational resilience. With solutions closely aligned to daily business scenarios, we support accelerated digital transformation and stable corporate growth.'

Compared to traditional corporate cards, the 'CTBC Smart Pay Card' emphasizes three core features: automation, transparency, and intelligence. In terms of automation, the solution leverages CTBC's established 'API Banking' system, enabling corporate users to directly obtain transaction card numbers from their Enterprise Resource Planning (ERP) systems to complete online payments and reconciliations. Employees can also use the 'CTBC Smart Pay Card' to book travel itineraries and transportation in advance, completing online purchases within a specified timeframe upon authorization. This not only effectively controls fund usage but also establishes a fully automated management process. By integrating previously fragmented financial operations, it significantly improves efficiency, reduces administrative costs and manual workload, and enhances daily fund allocation and operational flexibility.

As payment and cash flow processes become increasingly digitized, financial data transparency has become a key factor for enterprises to instantly track fund flows and accelerate capital utilization. Real-time, traceable financial information and spending records enable comprehensive oversight of cross-departmental expenditures, enhancing cost management and operational decision-making capabilities.

In intelligent governance and compliance, CTBC Bank employs digital tools to support enterprises in precisely defining transaction scenarios, amounts, and timing based on various payment contexts. This shifts risk control mechanisms from post-transaction audits to pre-transaction prevention, eliminating transaction risks at the source and establishing consistent, traceable internal controls and governance systems. This also addresses corporate governance requirements such as ESG, sustainability disclosures, and risk management.

Meanwhile, according to the 'Visa Growth Enterprise Working Capital Index Report,' as high as 82.3% of growth-oriented enterprises globally have already adopted working capital solutions such as corporate virtual cards and company cards, saving an average of USD 19.3 million in operating costs per enterprise. This indicates that digital payment tools are gradually becoming essential standards for enhancing corporate competitiveness.

Furthermore, to meet the diverse payment needs arising from enterprise expansion and overseas operations, the 'CTBC Smart Pay Card' offers a more centralized, convenient, and efficient payment management approach. It is applicable to various payment scenarios, including travel expenses, procurement payments, and subscriptions to Software-as-a-Service (SaaS) and cloud services. By combining exclusive benefits such as airport transfer privileges, selected hotels, and starred restaurants, it delivers seamless convenience for corporate partners, supporting the expansion of efficient operational footprints.