- aims to make price management simpler for a variety of businesses.
- Promises to be M’sia’s second business prepaid cards, redefining expense management
There are no longer days of “pay & say,” where many hours are squandered with the trouble of mixing personal and professional funds, or insurance delays that raise the risk to employee finances and good governance.
By digitising and automating old processes, Merchantrade Asia Sdn Bhd ( Merchantrade ), a leading innovator in digital financial services, unveiled their Corporate Card, Merchantrade Money Biz, which it claims is Malaysia’s first Visa Business Prepaid Card.
This cutting-edge product aims to make expense management simpler for a variety of businesses, from corporations to SMEs, by enabling them to save time, lower errors, and sustain better control over their finances with a flexible solution.
A multi-currency eWallet-linked expense management portal with functions designed for the modern business are seamlessly combined with a Visa Business Prepaid Card ( with a US$ 10,600 ( RM50, 000 ) cap and unlimited card issuance per company ).
Merchantrade Money Biz’s founder and managing director Ramasamy K. Veeran ( pic ), said the company intends to disrupt traditional corporate credit cards issued by banks. Merchantrade Money Biz helps employees at all levels with business prepaid cards, in contrast to traditional cards made for senior managers. This innovation eliminates the risk of overspending and interest-free transactions, giving employers a powerful expense management system and a viable alternative for businesses unable to obtain classic corporate credit cards.
Improving Global Payments, Multi-Currency app, and Advanced Automation Powered by Visa, the firm prepaid cards can be used by people to make payments worldwide, both online and financial, for various company-related expenses. Additionally, it works with a multi-currency app that enables people to turn up to 20 of the world’s most popular foreign currencies at locked-in costs for international payment. The expense management portal, on the other hand, not only facilitates and digitises business techniques, it also provides 100 % rankings on all purchases and includes robust settings, enabling financing groups to close ebooks faster.
” We are delighted to work with Merchantrade Asia to create the initial prepaid card for Malaysian corporates and SMEs,” said Roy Choudhury Debarun, head of Business and Money Movement Answers for Regional Southeast Asia at Visa. Given that we have seen a double-digit increase in business card spending in Malaysia in comparison to the prior year, this is a timely and relevant solution. This demonstrates the rising need for businesses to adopt cutting-edge repayment methods in the nation. With our global community and in-depth knowledge of bills, Visa is committed to empowering companies. Our partnership with Merchantrade serves as a testament to our desire to promote financial inclusion in the B2B payments industry and promote Malaysia’s continued financial growth.
Over 80 businesses have registered for the option during the captain phase so far, indicating a strong demand for the new product and good reception for it. This demonstrates Merchantrade’s commitment to providing comprehensive online financial solutions that properly address the changing needs of Malaysian businesses.
With new instruments, works, and partnerships in growth, the company is confident the answer will transform the way companies operate. Additionally, Merchantrade’s vision aligns with the government’s push to encourage businesses to digitize their operations and embrace automation in order to create a more cashless society.
For more info, visit https ://www.merchantrademoney .com/business/