Singapore, January 5, 2023 /PRNewswire/ — Global fintech SUNRATE has partnered with global leader in digital payments, Visa, to launch a virtual corporate card as part of its plans to enhance its online travel solutions. SUNRATE’s travel stakeholders now have another seamless and efficient option to pay partners such as airlines and hotels with virtual corporate cards. Towards the end of last year, SUNRATE also announced a strategic partnership with global digital travel platform Agoda. In 2021, SUNRATE will become a key member of the Visa network.
Revolutionize travel payments with virtual corporate cards
SUNRATE believes the issuance of virtual corporate cards will revolutionize travel payments. For example, online travel agents can now easily set spending limits, define usage and choose vendors using virtual cards. SUNRATE’s travel partners have full control over how their spend is distributed and tracked. One of the key features of virtual cards is security. Technologies such as Application Programming Interfaces (APIs) limit the amount of time a card can be used, eliminating the potential for abuse when card information is provided. SUNRATE is certified to the Payment Card Industry Data Security Standard (PCI DSS) Level 1, an international financial data security standard.
“The launch of the Visa Virtual Corporate Card is a monumental step for SUNRATE in consolidating its leadership as a one-stop B2B payments partner specifically for the travel industry.Since announcing our partnership with Agoda, we are We have worked with many other travel stakeholders, including other OTAs, and we are proud to be able to solve their overall business needs.Visa virtual corporate cards are a great choice for our customers. It will be an important solution.” Sean ChinCard Division Manager, SUNRATE.
Xavi JaffaVice President of Visa Business Solutions, Asia Pacific “Given the rebound in business and leisure travel around the world, our partnership with SUNRATE is very timely. Visa is helping fintechs like SUNRATE to help businesses control their spending and We are introducing an innovative solution to make business-to-business payments easier. Secure and seamless.”
SUNRATE is an intelligent global payments and financial management platform for businesses around the world. Since our founding in 2016, we have been recognized as a leading solution provider, using our state-of-the-art proprietary platform, extensive global network, and robust APIs to help over 130 companies, both local and global. We are enabling growth.
global headquarters Singapore and office China, Indonesia, Japan and in the UK, SUNRATE partners with top global financial institutions such as Citibank, Standard Chartered and Barclays, and is a major member of both Mastercard and Visa. We are licensed and regulated by the UK Financial Conduct Authority, Bank Indonesia, Hong Kong Customs as money service operator and financial authorities. Singapore As a major payment institution.
SOURCE Sun rate