" class="no-js "lang="en-US"> Danish fintech Cardlay partners with Europe leading provider of payment cards for the transport industry
Sunday, April 14, 2024

Danish fintech Cardlay partners with Europe leading provider of payment cards for the transport industry

Cardlay, the Danish card and spend management fintech, has entered a strategic partnership with the fleet card issuer LUNADIS, which operates payment cards for the DKV Mobility Group. Cardlay’s private label Spend Management solution delivers an end-to-end card, expense and VAT reclaim capability for LUNADIS, which is the market leader in the fleet and toll cards for the transportation and logistics industry in Germany.

LUNADIS, which is a part of the German billion Euro DKV Mobility Group, offers card and payment solutions to the transportation and logistics industry in more than 50 countries. According to Cardlay’s CEO and founder Jørgen Christian Juul, the new strategic partnership marks a massive step forward for Cardlay’s ambitions to expand its Card and Spend Management Platform into new industries in both Germany and a number of European countries.

“LUNADIS/DKV wants to make our corporate solutions available for thousands of transportation and logistics companies, granting Cardlay access to new industry segments as well as internal markets and distribution channels. The agreement is a giant step forward in building a leading position in Germany. At the same time, it is paving the way for an expansion across the rest of Europe where LUNADIS/DKV operates,” he explains.

LUNADIS will manifest its market leading position

The new solution called LUNADIS Pay is based on Cardlay’s private label software that delivers a scalable end-to-end, secure and compliant software platform to better manage corporate cards, expense handling and VAT reclaim for the transportation and logistics industry in Europe. The Cardlay partnership is the first step for LUNADIS to manifest the leading position within the fleet and company card payment solutions for the European transportation industry.

“Together with Cardlay, we aim to deliver an exceptional client experience that is intuitive, paperless and fully digitalized to our customers across Europe. Our customers and their customers, the cardholders, will benefit from an open-loopcard solution with positive administrative and cost effects. From integrated card management to expense management and VAT reclaim, which due to automation is possible for even small amounts.” says Frank Hock, CEO of DKV Mobility Group and LUNADIS.

Cardlay’s solution for LUNADIS/DKV is built on advanced API’s and consists of an app and web application which automates the company’s payment, expense handling. Cardlay’s Vattax solution, the automated VAT reclaim process, developed in collaboration with PriceWaterhouseCoopers, automates the otherwise complex and laborious process of reclaiming cross border VAT payments.

”Cardlay’s advanced technology will enable Lunadis to provide a significantly more robust set of self-service capabilities to its clients. These capabilities will not only make it significantly easier and faster for clients to issue, retire, and administer cards on their programs, but will also generate incremental value by reducing the customer service burden on Lunadis while promoting greater card adoption and spend capture. Moreover, by transitioning to “open-loop” Lunadis gains access to previously untapped categories of spend that can be easily managed and reconciled, making the Lunadis Pay cards powered by Cardlay more valuable to the enterprise.”, says Jørgen Christian Juul.

He emphasizes that Cardlay will continue to roll out its global growth strategy by delivering integrated solutions for commercial payments. This will make it easier for customers to integrate budgets, authorization processes, payments, and reconciliation in a safe, simple, and automated flow, minimizing errors and fraud.

People In This Post

Companies In This Post

  1. BNY Mellon Collaborates with Accenture to Drive Accelerated Growth for Clients Read more
  2. XS.com Awarded the “Best Multi-Asset Broker – LATAM” at UF Awards in Mexico Read more
  3. Insurtech bolt Appoints CFO, Matt More, SaaS Technology Veteran Read more
  4. Navy Federal Credit Union Announces 7-Year Strategic Partnership With Backbase Read more
  5. aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology Read more