This is the latest innovation to come from leading global FinTech company, Conferma, following the launch of Conferma Pay this month, a world-first in virtual payments.
Virtual wallets serve multiple functions and can have various meanings in today’s fast moving environment. Conferma WALLET is a closed loop payment solution that stores prepaid funds to allow for real time transactions, automatic updates and reconciliation to build greater efficiencies in all aspects of business.
Conferma WALLET gives users the ability to pay for numerous business expenses including; travel, insurance, subscriptions, stationery and more at a much lower cost and with greater efficiencies.
Simon Barker, CEO and Founder of Conferma said: “Virtual payments are fast approaching a tipping point due to the accelerated growth over the past year, creating a need for both individuals and businesses.”
“As a prepaid payment service, Conferma WALLET enables businesses of any kind to deposit an amount of funds with their preferred merchant and subsequently avoid the cost of credit card interchange altogether. Therefore, on each business transaction no individual merchant costs are incurred equating to big savings. “
Barker added: “Virtual payments are becoming increasingly popular for higher-frequency purchases due to sophisticated integration that allows for heightened security and data enrichment, strengthening supplier relationships and building mutual value.”
About Conferma Pay
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Travel Meets Payment
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.