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.
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Stop treating virtual cards as just an AP trick, the companies growing fastest use them like a short-term treasury tool, and that's why there's a 400% gap in adoption among top middle market firms.
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Original sources6
- World Cup lifted Visa’s Q3 cross-border volumes; July spending already slowed
Cross-border volume rose 13% in the quarter, with June boosted by 2026 FIFA World Cup across North American host cities. CFO Chris Suh said July trends moderated and flagged a currency headwind for the fourth quarter Visa‘s cross-border volume rose 13% year over year on a constant-dollar basis in the quarter to 30 June (Q3), […]
Payment ExpertJul 30 - Visa’s revenue momentum slows
The card network’s recent revenue growth slowed in July, relative to last year, but customer spending remains healthy, the company said.
Payments DiveJul 29 - Visa posts 14pc revenue growth in Q3 as digital payments remain strongThe Financial ExpressJul 29
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