SINGAPORE, Jan. 5, 2023 /PRNewswire/ — World wide Fintech SUNRATE has partnered with Visa, a world chief in digital payments, to launch digital company playing cards as part of its plans to bolster its on the web vacation alternative. SUNRATE’s vacation stakeholders can now have a further seamless and successful selection when generating payments to their very own companions, these kinds of as airways and hotels, on digital corporate playing cards. In the direction of the close of past calendar year, SUNRATE also introduced a strategic partnership with the world-wide electronic travel platform, Agoda. In 2021, SUNRATE became a principal member of the Visa community.
Revolutionising journey payments with virtual company playing cards
SUNRATE believes that the issuance of digital company playing cards is revolutionising travel payments. For case in point, any on-line travel agency can now simply established invest restrictions, determine usage, and pick out the seller working with a virtual card. SUNRATE’s vacation companions have full manage more than how shelling out are allocated and tracked. One major characteristic of the digital card is safety. Technology, this sort of as application programming interfaces (APIs) has eradicated the likelihood of card information and facts getting abused when offered, by supplying a restricted window of use for a one card. SUNRATE is licensed to the international monetary data protection conventional: Payment Card Sector Data Stability Regular (PCI DSS) Level 1.
“The start of Visa digital corporate cards is a monumental phase for SUNRATE as we cement our management as a just one-quit B2B payment spouse, primarily for the vacation business. Because our partnership announcement with Agoda, we have worked with quite a few other travel stakeholders, including other OTAs and we acquire delight in getting ready to fix their overall business enterprise desires. The Visa virtual company card will be a essential alternative for our customers and over and above” explained Shawn Qin, Head of Card Small business, SUNRATE.
Chavi Jafa, Vice President for Visa Company Options, Asia Pacific explained, “Our partnership with SUNRATE is extremely well timed specified the restoration of organization and leisure vacation all-around the entire world. Visa is supporting fintechs like SUNRATE to introduce progressive methods that make it simpler for companies to deal with their paying out and make enterprise-to-business enterprise payments securely and seamlessly.”
SUNRATE is the smart international payment and treasury administration platform for companies around the globe. Because its inception in 2016, we are recognised as a leading alternatives supplier and have enabled organizations in 130+ companies with our reducing-edge proprietary platform, intensive global community, and robust APIs to scale each regional and worldwide advancement.
With its worldwide headquarters in Singapore and offices in China, Indonesia, Japan and United kingdom, SUNRATE partners with the leading world financial institutions, these as Citibank, Common Chartered, Barclays and is the principal member of both Mastercard and Visa. We are certified and regulated by the Monetary Conduct Authority of the Uk, the Financial institution Indonesia, the Hong Kong Customs as a Funds Service Operator, and the Financial Authority of Singapore as a Big Payment Institution.