Visa makes payments simple for Australian businesses

03/17/2025

Visa launches Visa B2B Integrated Payments (VBIP) in Australia to streamline and simplify business-to-business payments
The solution will reduce admin for business owners and enable them to seamlessly pay suppliers, including those that do not accept card payments
Businesses will also have easy access to efficient working capital, via a solution that requires little implementation effort

Visa, a world leader in digital payments, has partnered with ANZ, NAB, HSBC, and Westpac to launch Visa B2B Integrated Payments (VBIP) in Australia to streamline and simplify B2B payments for businesses of all sizes.

The solution, which is embedded into the SAP Business Technology Platform, will allow businesses to automate many of their B2B payments. This effectively removes the need for additional reconciliation, improving productivity for administration and finance teams, and creating more time to focus on business growth.

Australian business owners using the SAP platform will be able to route commercial payments to all suppliers, including those that do not accept card payments. And as an embedded component of SAP, the solution requires little effort for implementation. The solution is offered through Visa’s local participating partners which currently include ANZ, NAB, HSBC, and Westpac with plans for more in the future.

Chris Newkirk, President of Commercial and Money Movement Solutions at Visa, said: “Business-to-business payments should not be complicated. And Australians want B2B payments to be as simple and intuitive as the seamless payments they experience as consumers. This milestone will help address common pain points faced by business owners, helping to close working capital gaps and digitise B2B payments across supply chains.”

“For a growing company managing multiple suppliers, payment processes can be automated to reduce the risk of late fees, allowing them to focus on improving their product offerings and customer service while effectively managing supplier payments and cash flow.”

This announcement follows Visa’s latest announcement with SAP across Asia Pacific to enhance B2B payment experiences by making transactions more secure and integrated within existing SAP platforms.

Paul Riley, Executive for Business & Private Transaction Banking at NAB, said: “As Australia’s largest business bank, NAB is focused on making things simpler and quicker for our customers so they can focus on building their businesses. We’re excited about partnering with Visa on innovations like VBIP which will help business owners simplify procurement and pay their suppliers faster so they can spend more time on the things that matter.”

“Providing our customers with new capability in payments that create efficiency and value is an important part of Westpac’s offer. We are pleased to be able to offer VBIP embedded payments within the SAP environment as it provides our customers the ability to pay suppliers with a card embedded in their B2B payment flows. This has the potential to provide process efficiencies and cost benefits where card payments have previously been a stand-alone process. Importantly it could also provide access to more working capital solutions within their technology of choice” said Jeff Byrne, Managing Director of Global Transaction Services at Westpac Institutional Bank.

About Visa Inc.

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.