Smart business virtual cards to manage online spends

Business virtual cards are the only way to efficiently manage your company’s payments. The best virtual 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.

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Trusted by finance teams at startups to enterprises.

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Virtual cards for subscriptions

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 payment card, or assign a card specific to a vendor to keep track of budgets and payouts for each SaaS billing.

See how it works
Subscription Management

Online payments are now safe and secure

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.

The safest way to pay online

Business-wide spend visibility

Our business virtual 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.

Real-time spend visibility

Set and enforce spend limits

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.

Built in spend limits

Multi-level approval workflow

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.

Multi-level approval flows

Financial stack for business

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.

Corporate Cards

Empower your employees with physical and virtual cards

Expense Management

Manage and track every dollar that leaves your company

Business Bank Account

Open a global account with multi-currency payments.

Accounts Payables

Manage vendors, approve invoices and automate payments.

Accounting Automation

Save hours daily, and close your books faster every month.

Integrations

Integrate with the all the tools and software that you use daily.

Benefits of issuing virtual cards to your employees

Eases reconciliation burden

As virtual card payments come with labels and codes, finance teams can track and understand what that payment is. They don’t have to chase the accounting team for receipts or explanations.


These payments also sync with the general ledger automatically and manually. Hence, no manual effort is needed to reconcile card payments.

Simplifies vendor management

Create as many virtual cards as you want, depending on the number of vendors, and assign each one of them. You can monitor them centrally, pay quickly online, and track spending department-wise and vendor-wise.


You'll be able to add more cards as you partner with more vendors and pay them on time.

Fast payment option

Virtual cards are the fastest way to make business payments like ticket bookings, reservations, fuel card recharges, etc. Employees can simply enter the card details and finish the transaction without requesting approval. 


Both cross-border and local transactions go out faster as card payments are different from wire transfers and checks. 

Why should you choose Volopay virtual cards?

Compliance & security

Volopay is committed to protecting your data with bank-level security and double encryption. Our payment operators fulfill every requirement of MAS and have valid MPI licenses.

No hidden fees

Volopay offers the best competitive exchange rates in the market. There are no hidden fees while carrying out both local and international payments.

Unlimited cards

Create unlimited cards from the Volopay card management system. This is suitable for growing companies with increasing suppliers and payment categories.

No need for any personal guarantees

You don’t have to share your personal credit score or statements. Your business credit score, statements, and spending history are enough to decide your eligibility. 

Easy to create

In a few clicks, you can create virtual cards and get them assigned to a spending category or an employee.

High credit limit

Not able to manage expenses? Submit your credit request in Volopay and receive high credits with flexible repayment terms.

Maximum control

The admin can set spending limits on each card and assign approvers if limits have to be exceeded. Thus, you get extreme control over spending amounts.

Integrations

Minimize manual work and sync accounts payable automatically with GL by integrating relevant applications with Volopay. Volopay syncs with Quickbooks, Xero, and most ERPs.

How to keep your business spend in check with Volopay virtual cards?

Virtual cards
Issue individual virtual cards

Employees are tired of the labor-intensive expense reporting process. They can be assigned virtual cards to help them make business spending by themselves.


As you can create unlimited virtual cards, each authorized employee can receive a virtual card. It also helps in controlling and regulating employee-related and departmental expenses.

Card budget
Allocate separate budget

Every virtual card can be internally linked to a departmental budget, thereby allowing you to assign and control the budget allocated for each department.


You can also spot overspending and track expenses related to the particular department. By routing the departmental funds to card payments, you get deeper control of your company funds utilization.

Expense analytics
Monitor employee spending

Virtual cards allow employees to take care of their business expenses without relying on the accounting teams.


It also help accountants to keep track of where employees spend their money. This is very helpful in staying compliant with the expense policies. Any anomalies in the spending can be identified and notified earlier.

Spend limits on virtual cards
Set limits on spending

Offering separate cards to employees empowers them to spend on their own. But it also restricts them by placing a spending limit. By adding limits, you control how much they can spend.


For expenses that are uncontrollable, you can create virtual cards and set only needed limits. 

multi-level approvals
Set custom multi-level approvals

If a card requires more amount than the assigned limits, the card owner can request more credit.


It is possible to set multi-level approvals to authorize these requests. This trigger is to ensure that employees comply with your company’s spending policy. 

Payment automation
Automate payments

Subscription payments are hard to manage. If you forget a payment, you won’t be able to use the product further. But you can automate them with the help of virtual cards.


Once you set this up for a vendor, a fixed payment goes out automatically every month at a fixed date and time.

Eligibility criteria to get a virtual cards in Singapore

To get a virtual card in Singapore, your company must,


• Have a minimum of 15 authorized cardholders (employees) in your company. Prominent Singapore card providers like American Express and UOB only issue corporate cards to companies with at least 15 employees.


• Have an annual revenue higher than $4M, and the annual expenses should be around or higher than $250,000. The numbers must match the financial strategies and goals of your company.


• Have an optimal business credit score with satisfactory spend history and taxation history. However, your personal credit score and financials will not be taken into consideration.

Get complete control over your business expenses

Learn more about our virtual cards

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.

Subscription management

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.

Real-time visibility

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.

Business credit

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.

Multi level approvals

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

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.

FAQs on virtual cards

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Latest news & updates

Read up on snippets of the latest news and reports on virtual cards in Singapore.

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