Visa (V) teamed up with Transcard, an AI-powered embedded payment solutions provider, to launch working capital tools for the freight and logistics industry, the companies said Tuesday.
With the alliance, embedded credit and working capital solutions will be in the hands of freight forwarders and airline carriers on WebCargo by Freightos (CRGO), a digital booking and payments platform in the freight space.
WebCargo users can now gain access to flexible credit terms, instant onboarding and automated reconciliation for air cargo transactions. The solution is built on Visa’s (V) virtual card infrastructure.
In addition, Visa (V) and Transcard are exploring agentic use cases for the business-to-business segment, the companies said. Transcard has agentic experiences built into its platform to deliver automation, provide proactive insights and help its customers manage cash flow more efficiently.
The move “underscores Visa’sinvestment in embedded finance and agentic commerce to become a key enabler of innovation in the commercial payment space,” said Piyush Tiwari, head of Global Strategic Partnerships, Visa Commercial Solutions. “Specifically, our integrated approach with Transcard and Freightos connects the dots for both airlines and freight forwarders and offers working capital efficiencies that can help drive real business growth.”