How a Singapore EV battery manufacturer centralised cross-border supplier payments across Asia
At a glance
The manufacturer consolidated cross-border supplier payments into one card-funded workflow.
A Singapore-based EV battery manufacturer used USD commercial virtual cards issued by its bank to fund approved supplier invoices through ipaymy. Suppliers in China, Taiwan and Hong Kong received funds in their bank accounts within three days of card authorisation, while the finance team received consolidated account statements to support reconciliation.
The challenge
A Singapore-based EV battery manufacturer was managing payments to overseas suppliers inChina, Taiwan and Hong Kong. Processing those payments across multiple platforms created a fragmented workflow for the finance team.
The company wanted to bring its cross-border supplier payments into one place while making betteruse of its existing commercial card facility. The process also needed to give the finance team clearer records for reconciliation without requiring suppliers to change how they received funds.
The solution
The manufacturer used USD commercial virtual cards issued by its bank to fund eligible supplier payments through ipaymy.
The finance team submitted approved supplier invoices and payment details through ipaymy. Once the payment file was approved, the relevant amounts were charged to the company’s virtual cards. ipaymy then remitted the approved funds to each supplier’s overseas bank account.
For this implementation, suppliers received funds within three days of card authorisation. A consolidated statement of accounts gave the finance team a single record that could be matched against its card statements.
How the payment flow worked
Approved invoices were submitted.
A payment file was prepared.
The virtual cards funded the payments.
Suppliers received bank transfers.
The finance team reconciled the activity.
The outcome
The new workflow consolidated cross-border supplier payments and supported more consistent reconciliation across the three supplier markets.
- Supplier payments to China, Taiwan and Hong Kong were managed through one payment platform.
- The company used its existing USD commercial virtual card facility to fund eligible invoices.
- Suppliers received funds within three days of card authorisation for this implementation.
- Consolidated account statements reduced the need to reconcile records from separate payment
platforms. - No additional system integration was required for this implementation.
Why the approach worked
The payment model separated how the manufacturer funded the transaction from how each supplier received it. The company used its commercial virtual cards, while suppliers continued receiving funds by bank transfer.
That structure helped the finance team centralise payment execution without asking overseas suppliers to adopt card acceptance. The consolidated statement then connected the payment activity back to the company’s card records.
The result: one workflow for overseas supplier payments
By combining commercial virtual cards with ipaymy’s card-to-account payment capability, the manufacturer replaced a fragmented cross-border process with one coordinated workflow.
The company could use its existing card facility for eligible supplier invoices, remit funds to suppliers’ bank accounts and reconcile the activity through consolidated statements. This reduced processing friction while preserving a familiar receipt method for suppliers across Asia.
Results basis
The payment timing, markets and operational outcomes described here are based on the supplied customer case study. Results are specific to this implementation and may vary depending on card eligibility, issuer terms, supplier location, payment checks and operating requirements.
Customer confidentiality note
Customer details have been generalised to respect confidentiality. The results described are specific to this customer and should not be interpreted as a guarantee of outcomes for other businesses.
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