Conferma, a virtual card technology company, and BCD Travel, a global travel management company, have expanded their strategic partnership, aiming to boost virtual payment integration and deliver more automation, visibility, and control for corporate travel programmes.
The expanded partnership reflects a shared investment to enhance technology and co-develop new features for BCD clients, emphasising seamless payment solutions. BCD is also increasing its internal investment to enable new payment capabilities, foster innovation, and improve the travel experience for its global client base.
BCD will also broaden Conferma’s hotel payment automation capabilities, including integrations with hotel property management systems. This will automate invoice intake of virtual payments across BCD’s client ecosystem, streamlining reconciliation and reducing manual work for travellers and finance teams.
Global business travel spend is projected to exceed US$1.8 trillion by 2027. This growth is accelerating the adoption of virtual payments, expected to grow at a 20 per cent CAGR globally through 2030. Virtual cards offer enhanced security, timely spend visibility, and simplified reconciliation, crucial for optimising budgets and controlling spending.
Conferma and BCD Travel have collaborated since 2011, with BCD clients among the earliest adopters of virtual card payments.
