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PhotonPay & Discover Global Network to launch PhotonPay Commercial Card

By Gloria Mathias

May 16, 2024

  • card management
  • China News
  • Discover Global Network
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PhotonPay, Fintech Solutions, Fintech News, Discover Global Network, Fintech China, Fintech APAC, PhotonPay, a global payment PaaS platform and digital financial infrastructure, and Discover Global Network, the payment brand of Discover Financial Services, have launched the PhotonPay Commercial Card.

Cardholders will be able to use their PhotonPay Commercial Card on the Discover Global Network, which offers seamless B2B and B2C payment solutions that cater to their customers’ financial needs.

With the new PhotonPay Commercial Card, a multi-currency virtual card designed for cross-border businesses that are seeking a flexible, rich, efficient, and seamless payment experience, cardholders can execute multi-currency payments within seconds to merchants on the Discover Global Network in over 200 countries and territories worldwide.

PhotonPay believes that the issuance of the PhotonPay Commercial Card will enable cross-border businesses to become more secure, efficient, and convenient in the global payment process. Additionally, users can set transaction limits based on currency and merchant type, ensuring risk control and transparency in each transaction. The real-time tracking of transactions also allows flexible expense management for enterprises.

Lewison Chen, Founder & CEO of PhotonPay, said, “We have noticed that the awareness and demand of cross-border enterprises in the payment sector are continuously increasing. An ideal business payment tool that can adapt to diverse commercial payment scenarios, simplify expense management across departments or business units, and enhance fund security is one of the most significant products. We are delighted to collaborate with Discover® Global Network to launch the commercial card. Its brand influence, coverage, and global network will strengthen our global payment solutions.”

Chris Winter, Managing Director and Head of the Asia Pacific Region at Discover Global Network, said, “Considering the recent momentum in the global e-commerce industry, Discover Global Network is dedicated to actively supporting regulated payment services such as PhotonPay in introducing innovative solutions that will enhance the cross-border payment experience and elevate global businesses to the next level.”

The introduction of the Commercial Card by PhotonPay, as the fintech card issuer in the Greater China region of Discover Global Network, marks a step towards accelerating the global payment experience.

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