Australia — Mastercard has introduced an embedded virtual card payment capability in Australia, with Westpac becoming the first commercial issuer to activate the solution for clients using Oracle Fusion Cloud Enterprise Resource Planning (ERP).
The integration combines Mastercard’s virtual card technology with Oracle’s B2B platform, embedding payments directly into the Oracle Cloud ERP. This allows businesses to gain real-time visibility, strengthen financial control, improve working capital management, and simplify supplier onboarding within their existing system of record.
The solution enables organisations to move away from manual and fragmented payment processes towards a unified digital flow.
Anouska Ladds, executive vice president of commercial and new payment flows Asia Pacific at Mastercard, explained that manual commercial payments are the silent drag on growth, slowing operations, and inhibiting innovation.
“By embedding our virtual card technology into enterprise workflows such as Oracle Cloud ERP, we are removing long-standing friction and empowering organisations and businesses across APAC to operate at the scale and speed of today’s economy,” Anouska explained.
Automated reconciliation reduces the risk of human error and frees finance teams to focus on higher-value activities. At the same time, detailed remittance data enhances transparency and simplifies the payment lifecycle for both buyers and suppliers.
“Through this collaboration, we’re reimagining how businesses transact by empowering mutual customers to streamline cash management, tap into credit, and arrange financing all from one unified platform,” Catherine You, group vice president at Oracle, stated.
Unlike traditional implementations that require extensive custom integration, the virtual card capability is embedded within the Oracle Cloud ERP subscription. This reduces the need for additional setup or technical resources, ensuring businesses can adopt the technology with minimal disruption.
Jeff Bryne, managing director of global transaction services at Westpac Group, explained how the bank is proud to be the first in Australia to offer the virtual card solution that helps corporate and government clients manage payments more efficiently.
He added, “We’re pleased to be providing a simpler way to manage payments, and one that is already built into the systems businesses use everyday.”
The Australian launch reflects Mastercard’s wider collaboration with Oracle and its commitment to modernising commercial payments for enterprises and governments across the region.
