As corporate travel rebounds post-pandemic, virtual cards VCC are emerging as a solution for travel-management companies settling supplier invoices.
The business travel industry is experiencing a digital payment transformation and VCCs are at the centre of this shift. This technological revolution is reshaping how TMCs, online booking tools, and corporate travel buyers settle billions in supplier payments.
What is a VCC?At its core, a VCC is simply a digitised version of any traditional payment card, whether it's a credit card, corporate card, or specialised business card. The virtual format generates a 16-digit card number electronically, along with CVV and expiration date.
