B2B payments company CSI globalVCard has opened new office in London to better serve the European market.

The latest move is also part of CSI globalVCard’s global expansion strategy. Furthermore, the company plans to launch its services across additional continents by the end of 2017.

Leveraging payment issuance capacity of Edenred’s subsidiary PrePay Solutions (PPS), CSI will issue and process all CSI virtual cards and wire transfers across Europe.

Additionally, CSI globalVCard now supports multiple currencies to ensure that each client and their payees can choose their preferred currencies for payments.

CSI globalVCard managing director Jason Kolbenheyer said: “CSI globalVCard was designed to automate a company's AP department and transform these departments from cost centers to profit centres.

“As business practices become increasingly global, it is not only a major step for our company but a critical competitive advantage.       

“Now, with CSI's Accounts Payable platform our clients can send payments to suppliers across the globe, in multiple currencies all while seeing robust reporting in our dashboard."