Business Virtualcards in George Business Qorus-Infosys Finacle Banking Innovation Awards 2025
AustriaCategory
Business Banking InnovationKeyword
SME Banking, Payments
Innovation presentation
No plastic. No delays. Just instant, secure company spending via George Business. With Business Virtualcards from Erste Bank und Sparkasse, company’s spending get smarter. No plastic, no delays – create cards instantly on your own for your employees and purposes in George Business and start using them right away.
Whether it’s Amazon orders, software subscriptions, or temporary staff – each card is purpose-built, limit-controlled, and ultra-secure. The Virtualcard Manager acts as your command center – managing limits, tracking expenses, and keeping everything transparent and under control. It allows for 120 cards at sensational EUR 12 per month.
The smart solution for modern businesses that want to save time, money, and hassle.
------------ Virtual cards are transforming how businesses in the EU manage expenses. Once used mainly for online shopping, they’ve evolved into essential tools for secure, flexible, and trackable corporate payments.
With the EU market adoption is accelerating—especially in the Nordics and UK. Companies now use virtual cards for subscriptions, procurement, and employee expenses, all while maintaining tight control over spending.
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Erste Bank und Sparkasse’s solution, integrated into George Business, takes things further:
Instant issuance and ready-to-use Custom limits & usage controls Apple Pay & Google Pay support Managed via a Virtualcard Manager – a central hub for all cards It’s a modern, efficient way to manage business expenses—no delays, no surprises, just control and clarity.
------------ Since early 2024, a cross-functional team from IT and key banking departments – including Cards, George, and Legal – has collaborated with Visa Austria to develop the product. Over the course of one year, the team successfully combined technical expertise and innovation power to create a modern, customer-focused product tailored to business needs.
Project has been launched to pilot clients earlier this year and will go live for broader public in second half of 2025.
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