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Singapore, January 4, 2023 /PRNewswire/ – Global fintech SUNRATE has partnered with Visa, the world leader in digital payments, to launch virtual corporate cards as part of its plan to strengthen its online travel solutions. SUNRATE travel stakeholders can now have another seamless and efficient option when making payments to their partners such as airlines and hotels on virtual corporate cards. Towards the end of last year, SUNRATE announced a strategic partnership with the global digital travel platform, Agoda. In 2021, SUNRATE became a core member of the Visa network.
Increase travel expenses with virtual corporate cards
SUNRATE believes that the issuance of virtual corporate cards is improving travel payments. For example, any online travel agency can now easily set spending limits, define usage and select a vendor using a virtual card. SUNRATE travel partners have full control over how spend is allocated and tracked. The main feature of the virtual card is security. Technologies such as application programming interfaces (APIs) provide a specific window of access for a card, eliminating the potential for misuse of card information. SUNRATE is certified to the global financial data security standard: Payment Card Industry Data Security Standard (PCI DSS) Level 1.
“The launch of Visa Virtual Corporate Cards is a big step for SUNRATE in strengthening our leadership as a one-stop B2B payment partner, especially for the travel industry. Since our partnership announcement with Agoda, we have worked with many other travel stakeholders, including other OTAs, and are proud to be able to address their entire business needs. Visa The Virtual Corporate Card will be a key solution for our customers and beyond.” Sean KeenHead of Card Business, SUNRATE.
Chavi JaffaVice President of Visa Business Solutions; Asia Pacific “Our partnership with SUNRATE is timed to reclaim business and leisure travel around the world. Visa is supporting fintechs like SUNRATE to introduce innovative solutions that enable businesses to manage their expenses and make business-to-business payments securely and seamlessly.”
About SUNRATE
SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. In the year Since our inception in 2016, we have been recognized as a leading solutions provider and have enabled companies in 130+ companies to scale local and global growth with our proprietary platform, extensive global network and robust APIs.
With its international headquarters Singapore And in the offices China, Indonesia, Japan and UK, SUNRATE partners with top global financial institutions such as Citibank, Standard Chartered, Barclays and is a core member of both MasterCard and Visa. We are licensed by the UK Financial Conduct Authority, Bank Indonesia, Hong Kong Customs as a Money Services Operator and the Monetary Authority. Singapore As the main payment institution.
Source Sunrate
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