Smart business virtual credit card to manage online spends
Business virtual cards are the only way to efficiently manage your company’s payments. The best virtual credit card Singapore has to offer to enable you to make online payments and control SaaS subscriptions. Empower your employees and give them financial autonomy and the flexibility to make corporate purchases without having to use their personal finances.
Create multiple business virtual cards for subscription management to keep your SaaS payments under control and ensure that no numerous or obsolete subscriptions get in the way of money management.
Make one-time or recurring payments card, or assign a card specific to a vendor to keep track of budgets and payouts for each SaaS billing.
Our virtual cards Singapore is governed by the Monetary Authority of Singapore, which issues licenses to Major Payment Institutions (MPIs). They are issued by VISA and have the same encryption and security as any other bank-grade credit card. Because you can create an endless number of virtual cards, you won't have to share cards or worry about data leaks.
Since virtual cards are not tied to your company's bank account, there is no risk of hacking. Keep your cards organised and separated, load or freeze as needed, and keep everything in one location for peace of mind.
Our business virtual credit cards are linked to your Volopay account, so any transactions or expenses made using them are updated instantly. Every swipe, every transaction, is captured in real-time.
There's no risk of losing data, and you'll always know every dollar that leaves the company. Keep a track of your spend metrics any time and from anywhere.
Set specific spending restrictions, allowing you to keep track of how each card is utilised. By default, company spending policies are applied which will auto-decline when any transactions exceed a particular limit pre-decided by you.
Cards can be assigned a set budget and an expiration date. You can choose whether the funds will be reloaded every month or if they will only be used once. Your business virtual cards are smart and reliable.
Create five levels of approvers, each of whom checks expenses and fund requests. This is a one-time configuration, after which push alerts and fast payouts ensure that everything runs well.
Non-compliant transactions on virtual cards are automatically refused, saving time and effort for approvers.
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
Volopay is a single, consolidated business financial control centre bringing together innovative products like smart corporate cards, AP automation, efficient automated accounting, approvals, and employee reimbursements.
With our virtual cards for subscriptions, create payments and schedule them to avoid late penalties or service interruptions. You can prevent making multiple payments by using real-time tracking. Furthermore, block and freeze options prevent you from overpaying for SaaS models that you no longer need.
Our business virtual cards allow tracking payments. Our expense-reporting system is completely transparent and accountable. All of your transactions' data are updated as soon as they occur, giving you a bird's-eye view of your whole cash flow. Whether it's accounts payable or a simple swipe of a card, everything is accurately recorded right away.
To satisfy your business spending needs, stop counting pennies. For managing business investments, payrolls, and day-to-day office expenses, we provide a flexible business credit line. These are really simple to obtain, and you can apply for them without having to wait as long as you would for typical commercial bank loans. Spend wisely to increase your revenue.
Using maker-checker processes and approval levels, instill a sense of accountability. You can create up to five tiers of approvers on the platform, each of whom verifies and ensures that payments are correct and that nothing is done arbitrarily. Non-compliant transactions are automatically refused due to pre-set limits.
Accounting automation can considerably benefit your account structure from the initial card swipe to the closing of the books. For smooth reconciliation and data analysis, the world's most popular accounting software list connects effortlessly with our platform. There's no need to manually sync. Simply connect the two systems and watch how they work together to keep your data current.
Read up on snippets of the latest news and reports on virtual cards in Singapore.
Becoming net-zero is no longer going to be enough; the world needs to also be “nature-positive” - a report just out has also posited that Asia could be at the forefront of worldwide net-zero efforts, with the financial services industry playing a critical role.
Some of the benefits of using virtual credit cards as eCommerce b2b payment method are 1. Cash rebates, 2. Improved security, 3. Easier subscription management, 4. Easy supplier payment, 5. Better expense management.
1. Virtual credit cards cannot be stolen or lost, 2. Online virtual cards are valid for a limited time period only, 3. Virtual credit cards are subjected to Payment Card Industry Data Security Standard (PCI DSS).
Advantages of virtual cards are 1. Reduced incidents of frauds, 2. Allows easy integration into expense management software, 3. Real-time spend visibility, 4. Easy and fast payment option for employees, 5. Increased control on expenses, and 6. Improved expense management.