Singapore – HSBC expands partnership with Conferma to expand virtual card payments across Asia Pacific, embedding automated, API-driven capabilities directly into procurement, travel, and supplier workflows.
The expanded collaboration, according to the two companies, allows businesses to embed virtual card payments directly into finance, procurement, and travel systems.
The expansion allows HSBC Virtual Cards to be embedded into finance, procurement and payment processes, letting customers initiate and manage payments without leaving their existing operating environment.
This, the companies say, reduces friction, improves control and supports growing demand for more “invisible” payment experiences.
The move responds to rising demand from businesses for simpler payments and deeper integration with existing finance and procurement systems, according to HSBC and Conferma.
Embedded payments are becoming a strategic priority as businesses increasingly operate in digital-first environments, with total transaction value projected to hit $228bn by 2028, the companies noted.
Organisations are looking to eliminate manual processes, improve transparency and enhance working capital management, while maintaining control within existing systems.
Virtual cards are emerging as a critical tool in this shift, enabling finance teams to automate reconciliation, capture rich transaction data and manage spend in real time.
The solution supports a range of use cases. These include frictionless travel payments, where hotel bookings are settled seamlessly and manual billback is removed, streamlining reconciliation.
Embedded supplier payments are also covered, integrating virtual cards into procurement and finance workflows to enable faster, controlled transactions.
A third use case is enhanced visibility and control, providing real-time insight into spend and transaction-level data.
The expansion marks the next phase of a collaboration between HSBC and Conferma spanning more than a decade.
It began in 2011 with virtual card deployment for corporate travel and has since evolved to support a broader range of B2B use cases, according to the companies.
That capability is now being extended across Asia Pacific markets, including Hong Kong, Singapore and Malaysia.
Adam Williams, Head of Commercial – APAC at Conferma, said,”Businesses across Asia are rethinking how they manage spend as digital transformation accelerates.”
“Our collaboration with HSBC helps more businesses reduce manual intervention, improve reconciliation, and gain greater visibility over spend across both supplier and travel payments – all without disrupting existing processes,” Williams added.
Erika Yeung, Head of Commercial Cards, Asia Pacific at HSBC, also further stated, “Across Asia Pacific, customers are looking to modernise supplier payments to reduce manual processing, strengthen control, and optimise working capital.”
“Virtual Cards are becoming a mainstream B2B payment method, extending well beyond T&E spend. By working with Conferma, we enable clients to embed automated Virtual Card payment workflows into their existing ERP, procurement, and AP platforms—improving straight-through processing and visibility,” Yeung concluded.
