Pune, India – Tech Mahindra and Mastercard have partnered to integrate virtual card and payment capabilities into enterprise resource planning (ERP) and procurement platforms, with the aim of automating business-to-business (B2B) payments and improving financial management.
The partnership combines Tech Mahindra’s enterprise transformation expertise with Mastercard’s embedded payment capabilities and virtual card network. The companies aim to help organisations optimise working capital, strengthen spending controls, accelerate payment processing and reconciliation, and simplify supplier onboarding while retaining their existing technology investments.
The integration will extend Mastercard’s payment capabilities across enterprise systems, including ERP software and procure-to-pay and source-to-pay platforms. Embedding payments into existing procurement workflows is intended to automate transactions and improve financial visibility across finance, treasury, accounts payable, procurement and supplier management.
The companies plan to address challenges associated with fragmented payment processes, complex procurement operations, supply chain volatility and manual approvals. Their approach will include application programming interface (API)-led integration, payment automation, real-time reconciliation, fraud management and enhanced payment controls.
“Enterprises should not have to choose between modern payment capabilities and the technology investments they already rely on,” said Roshan Shetty, BFSI & Public Sector Head, Americas, at Tech Mahindra.
“Together with Mastercard, we are bringing payments directly into the flow of procurement and finance. This partnership will also enable enterprises to leverage Agentic-AI workflows to optimise and modernise at their own pace while creating a faster and more connected experience for their suppliers,” Shetty continued.
“Embedding payments directly into the platforms enterprises use every day can transform commercial payments from a manual process into an integrated, intelligent part of the procurement and finance workflow,” said Rebecca Meeker, SVP of B2B Platforms and Embedded Finance at Mastercard.
“Our partnership with Tech Mahindra brings together payments and enterprise transformation expertise to help organisations automate payment processes, improve visibility and control, and optimise working capital, while creating more efficient, connected experiences for their suppliers,” Meeker continued.
The companies also intend to support the use of agentic AI workflows to help enterprises modernise payment operations at their own pace. The integration is designed to connect payment capabilities with wider ERP and digital transformation initiatives, reducing manual work and improving coordination between businesses and their suppliers.
