Singapore-based fintech startup Aspire, the first business neobank in Southeast Asia, in collaboration with Nium, a global financial technology platform, announces plans to go plastic-less through the issuance of virtual Visa corporate cards. The collaboration will also enable all cards under Aspire to be made available on Google Pay.
Nium’s end-to-end issuing, processing and onboarding services allows Aspire’s customers to have an additional option of completing their payments via Google Pay on Visa-accepted terminals. With its virtual corporate cards being made available on Google Pay, business owners can now go green and pay on point of sale (POS) devices, and online, without the need for a physical card.
Targeted at modern entrepreneurs, Aspire brings the fastest and simplest business banking experience to SMEs. The Aspire virtual corporate card is complimentary with Aspire Business Account. The account, that provides low and transparent FX fees, is fully integrated with accounting systems and custom spending limits so businesses can keep track of spending and stay on top of their accounts with real-time notifications.
Visa’s and Google Pay’s NFC feature provides Aspire customers with a seamless and convenient payment process with maximum security. Businesses can confirm and complete in-store and online purchase without having to enter their payment information again, which enables faster checkout.
Gitesh Athavale, Global Head of Product (Cards) at Nium said, “We’re pleased to be working with Aspire to ease the Spend Management process for businesses in Southeast Asia. Through the issuance of virtual cards and the integration with Google Pay via our payments network, companies can now track their expenses more easily and directly using their Android devices.”
“Making Aspire’s corporate cards available on Google Pay allows Aspire corporate card users to experience a fully digital experience. Separately, from account opening to managing the finances, everything can be done within the Aspire app. Business owners can set custom limits on expenses without having to worry about manual expense reconciliation. Also, we are going paperless with simplified accounting by integrating Xero, all in one app,” said Andrea Baronchelli, CEO and Co-founder of Aspire.