400% Growth Gap: How Top Middle Market Companies Use Virtual Cards Differently

What's happening

PYMNTS Intelligence finds virtual cards are being used for more than supplier payments, giving CFOs control over timing, visibility and short-term funding. The report, "The 24-Day Advantage," shows top-performing middle market companies are far more likely to use virtual cards for these broader corporate finance roles, creating a 400% growth gap between the most efficient growth corporates and others. Related payments context: Visa reported continued digital payments strength with 14% revenue growth in Q3, noted slower momentum in July, and highlighted expanding money movement including $3.7 billion stablecoin card volume across 200 markets and nearly $800 million in settled assets since 2023.

Why it's trending

Corporate finance teams are adopting virtual cards beyond payables to unlock timing, visibility and short-term funding benefits, and payments incumbents like Visa are amplifying digital rails and new money-movement channels right now.

Signal2.5× its usual volume, confirmed across 1 independent source type.