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Business-to-business in China

Wirecard has launched single-use virtual cards for China’s growing domestic and cross-border B2B payments market.

With the new card solution, an extension of Wirecard’s Supplier and Commission Payments platform, organisations can make secure B2B payments online in Chinese renminbi. Since the accounting department only transfers the required credit to the single-use card on a specified day, organisations don’t have to worry about a payment card with a high credit limit getting into the wrong hands.

China is expected to emerge as the world’s largest B2B e-commerce market by 2020, meaning the ability to establish ourselves quickly in this fast-growing market gives us a significant advantage.