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Now live on the Conferma network, Monavate offers travel companies a modern, agile way to issue virtual cards across Mastercard® and Discover®.
This partnership gives OTAs, TMCs, and corporate travel teams access to new capabilities for issuing virtual cards in multiple currencies with real-time funding — a critical advantage for managing global travel spend, improving reconciliation, and expanding supplier acceptance, including low-cost carriers (LCCs).
“Monavate brings a modern infrastructure and a distinctive value proposition to our issuer network,” said Dave Wood, Chief Operations Officer at Conferma. “As a multi-schemed issuer, they’re enabling travel companies to reach new acceptance channels, streamline global payments, and move at the pace of modern travel.”
Purpose-built issuing for the travel economy
Monavate’s card issuing infrastructure is API-first, fully owned, and designed for speed and scalability. The integration with Conferma allows travel businesses to issue virtual cards instantly, in the currency they need, and settle payments in real time — improving cash flow, spend visibility, and operational efficiency.
“We’re proud to be joining the Conferma network and delivering something truly different to the travel sector,” said Scott Lucas, Co-Founder of Monavate. “From cross-border capabilities to LCC acceptance, we’re helping travel companies solve real-world payment challenges with the speed and flexibility they need to scale.”
Why it matters
With travel businesses under pressure to modernise payments, reduce fraud, and meet complex settlement needs across regions, this partnership delivers:
- Global reach with local precision – Multi-currency virtual cards across major schemes (Mastercard® and Discover®), supporting global operations and local supplier needs.
- New acceptance routes – Access to Discover® expands payment acceptance to low-cost carriers and hard-to-reach suppliers.
- Real-time funding – Cards can be funded instantly at point of booking or spend, improving reconciliation and reducing admin.
- Modern API infrastructure – Fast onboarding and seamless integration into existing travel platforms and workflows.
The addition of Monavate supports Conferma’s mission to build the world’s most connected, issuer-agnostic virtual payments platform — giving the travel industry more choice, control, and coverage.
About Conferma
Conferma is the global leader in virtual payments, connecting businesses, issuers, and suppliers to streamline and secure transactions. Its technology underpins virtual card issuance for banks, travel management companies, and enterprises worldwide.
About Monovate
Monavate is a Cambridge-based fintech company specialising in cutting-edge payment solutions. Committed to bridging the gap between traditional finance and decentralised technologies, Monavate empowers businesses and consumers with seamless, secure, and innovative payment experiences. Regulated in the UK and Europe, Monavate is an FCA-registered e-money institution and a principal member of Mastercard, Visa, and Discover, providing BIN sponsorship for some of the fastest-growing fintech card programmes. Founded in 2020, Monavate’s track record speaks for itself:
- 3 million+ cards issued
- £6.5 billion+ in processed payments
- 40+ active programmes across fintech, embedded finance, and Web3
- Live in 50 countries across Europe, the UK, LATAM, and MENA (more to follow soon)
Learn more
To explore how Monavate and Conferma can enhance your virtual payments strategy, visit www.conferma.com and www.monavate.com/conferma
Media contacts
Conferma
[email protected]
www.conferma.com
Monavate
[email protected]
www.monavate.com