Commerzbank to launch digital credit cards for businesses with Pliant
Commerzbank in Germany is expanding its lending services for businesses through the launch of fully digital credit cards for its small and medium-sized business (SMB) customers.
Commerzbank partners Pliant to offer digital business credit cards
Developed in collaboration with B2B credit card fintech Pliant and neosfer, the bank’s innovation unit and early-stage investor, the offering is expected to launch in Q3 2024.
Commerzbank says the launch will enable its business customers to “manage their card portfolio themselves” and integrate the fully digital solution “into their own billing processes”, a capability it claims “makes it much easier for companies to issue new cards to their employees”.
The solution will also include a range of card controls, including options to restrict card usage to certain time frames and purchases.
Commerzbank claims to currently service around 25,500 corporate client groups and almost 11 million private and SMB customers across Germany.
“With our new digital credit card solution, we enable our customers to make their billing processes more efficient and thus save costs and time,” comments Tobias Knoll, head of value stream accounts and payment methods for Commerzbank’s private and small-business customers segment.
The bank’s efforts to support payment initiatives among small businesses was most recently noted through its partnership with American paytech firm Global Payments.
The partners announced the development of Commerz Globalpay in January, with the joint venture seeking to deliver a suite of “digital payment capabilities” to small businesses in Germany, including mobile-based payment acceptance, card terminals and an e-commerce solution.
