The Hong Kong-headquartered cross-border payments company Currenxie has announced the arrival of their security-focussed virtual Visa card.
The launch comes as the first release in the company’s multi-year partnership with Visa, and follows the recent success of Currenxie’s $10 million Series A funding round.
Currenxie’s virtual Visa card has been developed with a particular focus on ease of use and security; hence why the offering has been made available to the company’s Global Account clients through the convenience of the Global Account app.
The card number is held securely in the app, allowing Currenxie to issue optional, physical companion cards that do not require a number to be printed on them.
Together, these features help safeguard against fraud and provide a high degree of security in case of loss or theft. The virtual card will also allow companies to issue employee cards for effective spending management.
The introduction of the Currenxie Visa Business Card expands the payment options for Currenxie’s business clients beyond bank-to-bank transfers to include all forms of business expenses, powered by Visa’s comprehensive global merchant network.
Businesses of all sizes will therefore benefit from a card that is secure, easy to manage, and linked to the Currenxie Global Account – supporting their growth by allowing them to handle payments for goods and services across the world.
The Currenxie Visa Business Card is available now to the company’s clients in Hong Kong and will reportedly be rolled out across the UK and Europe beginning in 2022. It allows its users to:
- Receive unlimited 1% cashback on all purchases
- Better manage spending limits
- Monitor transactions in real-time in the Currenxie Global Account app
- Create and manage additional cards for employees
Riccardo Capelvenere, Founder and CEO of Currenxie, said: “Our clients are dynamic and they deserve a card to match. We’re proud to have worked with Visa as part of their Fintech Fast Track Program to bring a new type of corporate card to Hong Kong. Today’s launch is an important milestone in achieving our vision of empowering businesses to access global commerce.”
Maaike Steinebach, General Manager, Visa Hong Kong and Macau at Visa, added: “Innovation in payments is essential to supporting the growth of businesses large and small. As the world’s leader in digital payments, Visa is delighted to partner with Currenxie to develop commercial card solutions. The ease of use, access to global networks and advanced-level security provided by Currenxie’s new Visa cards are a powerful combination. Our joint efforts can meet the evolving needs of businesses in dealing with cross-border payments and help optimise their operations.”