iOL Pay Issuing

Simplify how you issue payments – securely, globally, and on your terms.

iOL Pay allows you to issue virtual credit cards (VCCs) in seconds, across 31 currencies and multiple industries - with zero setup, no caps, and full control.

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  • Instant VCC issuance across Mastercard and Visa.

  • The smarter way to pay – no bank fees, low FX, and built-in rebates.

  • Fully managed solution with no banking agreements required.

iOL Pay

Issue smarter, pay faster.

Modernize your accounts payable with flexible, fully managed virtual card issuing – designed to save time, reduce cost, and scale with your business.

Key benefits
Less manual work

Faster payment issuing

Issue secure VCCs in seconds, eliminating delays and streamlining outgoing payments.

Unify disparate systems

Unify disparate systems

Ensure payment statuses stay synchronized across all hotel systems – PMS, CRS, finance, and more.

Lower costs

Lower costs

Benefit from reduced FX fees, zero commissions, and rebates on all payments processed.

Simplified operations

Simplified operations

Streamline disparate processing methods and enjoy seamless reconciliation across your entire business.

Stronger control & security

Stronger control & security

Tokenize payments, set custom activation rules, and always stay compliant with PSD2 and PCI standards.

Global scale

Deposit and issue payments in 31 currencies and pay like a local across markets.

North America

Canada
CAD
Canadian Dollar
Mexico
MXN
Mexican Dollar
United States
USD
United States Dollar

South America

Brazil
BRL
Brazilian Real
Peru
PEN
Peruvian Sol

Middle East & Africa

UAE
AED
UAE Dirham
Israel
ILS
Israeli New Shekel
Mauritius
MUR
Mauritian Rupee
Saudi Arabia
SAR
Saudi Arabian Riyal
South Africa
ZAR
South African Rand

Europe

Switzerland
CHF
Swiss Franc
Czech Republic
CZK
Czech Krona
Denmark
DKK
Danish Krona
European Union
EUR
Euro
United Kingdom
GBP
Pound Sterling
Hungary
HUF
Hungarian Forint
Norway
NOK
Norwegian Krone
Poland
PLN
Polish Zloty
Romania
RON
Romanian Leu
Sweden
SEK
Swedish Krona
Turkey
TRY
Turkish Lira

Asia Pacific

Australia
AUD
Australian Dollar
China
CNH*
Chinese Yuan Renminbi
Hong Kong
HKD
Hong Kong Dollar
Indonesia
IDR
Indonesian Rupiah
Japan
JPY
Japanese Yen
Malaysia
MYR
Malaysian Ringet
New Zealand
NZD
New Zealand Dollar
Philippines
PHP
Philippine Peso
Singapore
SGD
Singapore Dollar
Thailand
THB
Thai Baht
* Off-shore only for CNY (Chinese Yuan Renminbi)

Download the iOL Pay for Issuing product deck now.

FAQ

iOL Pay for Issuing

iOL Pay for Issuing is a fully managed virtual card issuing platform that enables businesses to issue secure outbound payments instantly across multiple industries and geographies.

Virtual credit cards can be issued in seconds, enabling fast and controlled payments without delays, banking friction, or manual processing.

The platform supports both Mastercard and Visa virtual cards, providing global acceptance and flexibility across suppliers and markets.

No. There are no caps on the number of cards issued or transactions processed, allowing businesses to scale payments freely.

iOL Pay for Issuing supports issuing and settlement across 31 global currencies, enabling local-like payments across multiple regions.

No. The platform is fully managed by iOL, eliminating the need for separate banking relationships, approvals, or negotiations.

Yes. Businesses can define activation dates, expiry rules, usage limits, and controls to maintain full oversight of every issued card.

Yes. Optimized forex rates and rebate structures apply to issued payments, helping reduce costs and improve overall payment efficiency.

All card data is tokenized and managed in compliance with PCI DSS and PSD2 standards, ensuring all issued payments are secure and regulated.

iOL Pay for Issuing is industry-agnostic and supports any business that needs to issue secure, scalable outbound payments globally.