This month at Modulr, Spend Management is live, so you can issue company cards, set real-time spend limits and manage everything alongside your supplier payments. Commercial VRP is now in available through the Collections Hub, giving Wave 1 sectors like energy and utilities a new way to collect variable amounts under a single consent. Our travel platform has been named Best Payments System for Travel & Hospitality at the PayTech Awards 2026, and we've published new insights on capturing interchange revenue and tackling the real cost of FX in travel. Looking ahead, FX is coming to the payment flow.
Dive in below to explore what's new and what's next.
New Products
Spend Management
Control business spending with company cards and real-time spend controls
Spend Management is live and ready to use. If you are on an Accounts Payable or bundled plan, it is already included in your package. Issue company cards in seconds, set spend limits per card, see every transaction as it happens, and manage everything from the same platform you use for supplier payments.
Take our interactive tour to discover the features and how company cards works.
View the tour or chat to a payments specialist.
Coming Soon
FX, now built into the payment flow
Today, moving money across currencies is often two disconnected jobs - executing the payment, and managing the FX. We're changing that. Modulr FX brings cross-currency payments into the same platform that already handles your payments, accounts, and cards. Convert between 20 currencies on demand. Fund payments automatically when an account is short on the currency owed. Apply real-time FX at card authorisation, with transparent rates on every transaction.
Register your interest to be among the first to try it.
And more...
Commercial Variable Recurring Payments
Collections Hub now live with cVRP wave 1 sectors
The Modulr Collections Hub now runs cVRP in production, as a distinct method alongside Direct Debit and Open Banking, across Wave 1 eligible sectors, including energy and utilities. For energy and utilities, cVRP resolves the core challenge of variable monthly billing by collecting the exact amount owed each month under a single standing consent, with funds checked before collection to remove failures that concentrate at peak billing events.
At Wave 1 launch, bank coverage reaches roughly 75% of UK current accounts, adding a new way for businesses to collect funds. For customers whose banks are cVRP enabled, they can set up a single consent to pay bills or make donations. For businesses considering adding cVRP to their collections, consider starting with new customer onboarding journeys.
Travel
Turn supplier payments into a revenue stream
Most travel intermediaries treat supplier payments as a cost. That's leaving interchange income uncaptured.
When you pay suppliers by virtual card, you could be earning revenue on every transaction, through the interchange share built into your card programme. The gap between what you could earn and what you actually earn usually comes down to one thing: supplier coverage – how many of your suppliers you're actually paying by card versus bank transfer. Our latest insight breaks down how interchange works in travel, why most programmes are under-earning, and what a real provider partnership looks like.
Travel
Award-winning travel payments platform
Modulr has won Best Payments System for Travel & Hospitality at the FinTech Futures PayTech Awards 2026. The recognition reflects the strength of our purpose-built travel platform and the optimisation it unlocks for travel intermediaries: enabling scale while protecting margin and controlling cashflow.
Talk to a payments expert about your travel payments
Travel
Tackling the real cost of FX complexity
If you're paying suppliers in multiple currencies, you're absorbing three layers of FX cost – and probably only tracking one of them.
The conversion spread is visible. But working capital pressure from settlement timing and reconciliation overhead accumulate silently, compounding with every currency you add. At scale, across hundreds of transactions and five or more currencies, it's a material cost that rarely gets quantified.
Our latest insight breaks down where the real cost hides and what removes it. When Modulr FX launches later this quarter, it handles all three cost layers at once – no more settlement timing pressure, no more manual reconciliation, conversion optimised for your business instead of a generic rate.
Read the full insight: The real cost of FX complexity in travel
Morphry Thyme cuts payroll admin from half a day to 15 minutes with Modulr
Norfolk accountancy practice Morphry Thyme grew payroll income 50% in a year using Modulr. They started with Modulr Payroll, a way to add value for clients without ever needing access to their bank accounts. Because Modulr Payroll integrates directly with their BrightPay processing and Xero bookkeeping, they eliminated the manual handoff. Today they process 550 payslips a month (up from 25 at launch) and cut their own admin time from half a day to 15 minutes. They then added Modulr Supplier Payments to their client offering, and one client saw payment admin drop by 95%. The real lesson: your clients' payment flows, whether payroll or supplier, are an opportunity to grow your own revenue. Modulr automates payment admin, so you can focus on the relationship, not the mechanics.
If you'd like to learn more about any of our updates, whether it's spend controls, cVRP for your sector, or how FX will fit into your setup, get in touch with a payments specialist and we'll walk you through it.
