American Express expands its virtual card footprint across US

First announced in 2019, Coupa and American Express are taking their partnership to the next level

American Express virtual card

American Express expands its virtual card footprint across US. Source: stocksnap.io

US-based customers can now use American Express virtual cards as a payment option with Coupa Pay following the initial availability of Amex virtual cards in the UK and Australia.

Once the business’ eligible American Express account is tied to Coupa Pay, virtual cards can automatically be sent to authorized suppliers.

Our expanded partnership with Coupa is the latest step in our strategy to accelerate investments in the B2B payments space to better serve our customers and offer best-in-class digital payment solutions. By integrating American Express virtual Card capabilities into the unified buyer and supplier experience of Coupa's fast-growing BSM platform, we're addressing our customers' need to digitize payments and thereby becoming more essential to their operational needs
Trina Dutta, vice president and general manager of B2B Payments Automation, Global Commercial Services at American Express

As to additional benefits of this integration, it provides extended pre-approvals for card spend, which increases visibility into spend across the organization.

Besides, it has enhanced security when paying suppliers using virtual card technology that generates a unique American Express card number for each transaction.

Increased visibility into the full payment process while automating invoice matching and reconciliation to improve efficiency is included as well.

We’ve reported that India’s largest pure-play credit card issuer SBI Card and American Express has entered a strategic partnership. SBI Card’s top-end premium products – SBI Card ELITE and SBI Card PRIME will be available on American Express’ global network.

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