[Press Release] Volopay and global fintech platform Nium collaborates to simplify business spendings through corporate card issuance

Singapore, [29th SEPTEMBER 2020] – Singapore based fintech startup Volopay and global fintech infrastructure platform Nium, announced their partnership today that will improve corporate card issuance experience for companies.

Many companies struggle with managing their daily expenses, thanks to the 20th-century expense management processes that relies heavily on paper receipts and spreadsheets. Lack of visibility, difficulty in managing out of pocket expenses by employees, and the heavy work-load on finance teams are inevitable with traditional practices. Through this collaboration, Volopay will be integrating Nium’s enterprise-grade API solutions to provide a complete one-stop solution to manage all business spendings. Individual corporate cards will be issued to the employees, and companies will be able to configure those cards with a real-time tracking software and a mobile application.

Companies save a lot of time and capital when they adopt Volopay as their expense management solution. Because of real-time data insights into the expenses, managers get accurate spending patterns of the company. Plus cashbacks on FX transactions help them to save a lot more than their traditional bank cards.

The partnership with Nium will ensure that the clients are enabled to pay anywhere around the world with Volopay’s corporate card. The spending pattern would be seamless with the integration of Volopay’s card with Nium.

Volopay was part of BOLT, a fintech collaborative program set up by Nium to promote innovation and collaboration amongst fintechs in the Southeast Asia region.
Volopay is currently serving Singapore based businesses and also planning to expand its operations to the entire ASEAN region, and Australia.

ABOUT VOLOPAY

Volopay is a modern spend management platform backed by Y Combinator that saves companies time and money by giving visibility and control to every aspect of business spending. With Volopay, finance and accounting teams can control expense requests and approvals, make bill payments (domestic/cross-border), manage company cards, and reconcile all accounting on one platform.

Rajith Shaji, Founder & CEO of Volopay said:

“Nium’s BOLT program helped us to solve the expense-related struggles that generally most companies face. They provided us with a seamless financial rails payment platform that helped us to provide our customers with a precise solution to address all their spending loopholes”.

Krishna Kumar Singh, Vice President, Program Management & and Head of Nium’s BOLT initiative said:

“Volopay is a true testament of what Nium’s BOLT program represents – that innovation can truly happen through collaboration within the industry I am really proud to see how Volopay has grown to become who they are today, and look forward to seeing more from the company in the near future.”

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Workplace Bullies: How Do You Deal With Them

Workplace Bullies: How Do You Deal With Them

According to the 2021 U.S. Workplace Bullying survey, 30% of employees have direct experience being bullied at work. The typical office bully constantly puts you down, ignores your opinions and blames you for things you had nothing to do with. Some bullies are better at concealing their behaviors than others, and some might even gaslight you into thinking that you are making a big deal out of nothing. 

What Should Employees Do in a Crisis

What Should Employees Do in a Crisis?

At the start of January 2023, a drunk man in an Air India flight’s business class urinated over a 72-year-old woman sitting beside him. The man, Shankar Mishra, was the Vice President of the financial services company Wells Fargo (he was fired following the incident). In itself, the incident is disgusting.

Top 5 AI Companies in the World

Top 5 AI Companies in the World

Technological developments are driven by the human need to make life easier and complete tasks faster and more efficiently. The drastic growth of technology in recent years has paved the way for artificial intelligence (AI) to become an integral part of almost every industry—from education and lifestyle to music and sports. It is everywhere. And by the looks of it, it is here to stay.

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

It’s no wonder why Jumpstart Media named “metaverse” one of the top emerging trends and technologies to look forward to in 2023. With an expected compound annual growth rate (CAGR) of 39.4% from 2022 to 2030, Grand View Research forecasts that the global metaverse market is set to expand exponentially. From fashion shows, gaming, luxury products, sports and travel to art, many industries are tapping into the metaverse’s potential.

4 Most Anticipated Tech IPOs of 2023

4 Most Anticipated Tech IPOs of 2023

The technology industry has been a driving force in shaping the global economy for decades and the initial public offerings (IPOs) of technology companies are often highly-anticipated events. In 2022, the tech IPO market saw a slowdown compared to the previous year, 2021.

5-Luxury-Items-That-Are-Worth-the-Investment

5 Luxury Items That Are Worth the Investment

The world of luxury items is one of elegance and exclusivity, with their value increasing as time passes. They are unattainable and highly coveted by the masses. Plus, luxury products have a Veblen effect on the market—as their price rises, their demand does, too.