Singapore-based Neobank Aspire announced its collaboration with Nium, a global financial technology platform, to go plastic-free through the issuance of virtual Visa corporate cards. The collaboration will also enable all cards under Aspire to be made available on Google Pay, the smartphone digital wallet platform.
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 the app, business owners can now go green and pay on point of sale (POS) devices and online without the need for a physical card.
Founded in 2018, Aspire is an SME focused Fintech and was the first business neobank in Southeast Asia. It offers it’s Aspire Business Account that provides low and transparent FX fees, 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. The virtual corporate card will be a new free feature with this account, targeted towards modern entrepreneurs and SME’s
“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.
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.
Nium is a global financial technology platform that aims to redefine the way consumers and businesses send, spend and receive funds across borders. The company was initially founded in 2014 as InstaReM before evolving into Nium in 2019 after launching in Australia, Asia, Europe and the US.
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.”