Virtual Card

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As more daily operations go online, virtual payments have become not just a trend, but a channel to reduce the hassle of manual processes. Introducing HSBC Virtual Card, an innovative business-to-business (B2B) payment solution to help you facilitate payments without a physical card.

Use virtual card if your business …

  • makes frequent business-to-business (B2B) transactions to the same groups of merchants
  • needs control over company card information
  • would like to reduce the risk of card misuse by employees
  • faces challenges when mapping out expenses in relation to various projects or purchase
  • would like to implement stringent requirements on card usage

About the virtual card

  • Truly virtual: no plastic cards issued
  • Widely accepted: just look for the Mastercard logo
  • Flexible: can be configured for single or specified number of uses
  • Reduced risk: Enhanced authorisation controls to reduce potential fraud

Benefits of virtual card


Make transactions without a hitch
Make frequent transactions smoothly by generating a unique virtual card number for
every single payment


Safeguard card account information
A unique virtual card number will be used for each payment. No need to share underlying
card account information when making payments


Gate-keep your transactions
Implement internal approval processes for improved monitoring and better visibility on
your company’s spending


Streamline book-keeping processes
Assign a unique virtual card number for each project or item to enjoy automatic
reconciliation and easier reporting


Gain better control with enhanced authorisation
Set expiry date, number of uses, validity range, currency, merchant categories or other
limits for each Virtual Card number to gain better control over your transactions

HSBC’s Virtual Card solution makes it easier for us to pay our digital platform vendors, and enables our customers to make faster payments using cards. The interest-free credit period also provides greater flexibility for us to manage our working capital.

Christine Chong | Chief Operating Officer, AsiaPac Net Media

Features and benefits

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