Bluechain Joins Visa BPSP Programme to Unlock Card Payments for Non-Card Accepting Suppliers

Quick Summary

Bluechain has joined the Visa BPSP programme to allow businesses to pay any supplier using a Visa Commercial Card, even if the supplier does not traditionally accept cards. This integration embeds card payments directly into the existing accounts payable workflow, optimizing working capital and automating reconciliation.

How Does the Visa BPSP Programme Benefit Accounts Payable?

The Visa BPSP programme bridges the gap between buyers who want to use commercial cards and suppliers who prefer bank transfers. By acting as a Business Payment Solution Provider, Bluechain allows finance teams to utilize their Visa Commercial Card credit lines for all B2B spend. This eliminates the need for manual supplier onboarding or convincing vendors to install card terminals.

• Unified Workflow: Payments occur at the point of approval within the existing invoice cycle.
• Cashflow Optimization: Buyers can leverage card interest-free periods while suppliers receive funds via their preferred method.
• Enhanced Visibility: All transaction data is captured for automated reconciliation, reducing administrative overhead.

Why is Card Adoption Low in B2B Payments?

Despite the benefits of commercial card payments, only 2% of B2B value currently flows through cards. This is largely because 38% of European suppliers do not accept card payments due to fees or technical barriers. Bluechain solves this by decoupling the payment method from the receipt method, ensuring that finance teams gain control over their capital without disrupting supplier operations.

Tim Annis, CEO of Bluechain, said: “Signing suppliers up never scales, and both sides know it. Buyers want flexibility and choice. Suppliers want simplicity and reliable cash. Removing that friction can have an impact far beyond the payment itself. Being part of Visa’s BPSP programme means businesses no longer have to pay the way their suppliers dictate. They pay the way that works for them.”

What Results Does This Integration Deliver for Finance Teams?

By integrating with the Visa BPSP programme, Bluechain provides a scalable solution for supply chain finance. Finance professionals can now manage 100% of their invoices through a single digital workflow, regardless of the supplier's technical capabilities. This results in smarter working capital management and a significant reduction in manual admin tasks across the AP department.

• 62% Supplier Acceptance: Overcoming the limitation where over a third of vendors refuse cards.
• Zero Supplier Friction: Vendors receive payments as they always have, requiring no change in behavior.
• Real-time Reconciliation: Closing the loop between the invoice and the payment automatically.

FF NEWS TAKE:

The Visa BPSP programme is a genuine needle-mover for B2B payments. For years, the industry has struggled with the 'chicken and egg' problem of card acceptance. By allowing Bluechain to facilitate Visa Commercial Card payments to non-accepting suppliers, Visa is effectively turning every B2B invoice into a cardable event. This is a massive win for working capital efficiency and positions Bluechain as a critical layer in the modern finance stack.