Pioneering FinTech company, Conferma, today announced the launch of the first global mobile application to hit the market in the world of virtual payments.
Opening their digital doors exclusively to customers internationally, the rapidly expanding company that continues to push the boundaries in this sector adds an app that provides cashless payments and tighter controls for businesses to its portfolio.
The UK based company that operates in over 195 countries, has been a pioneer in recognizing the role technology plays in creating an efficient and cost effective client experience in the virtual payment space.
Now with the launch of their new app, Conferma Pay is making it easier than ever to pay for business expenses.
It’s not just the convenience factor that makes this app special, with Conferma Pay’s mobile solution it reduces the risk of fraud and misuse, as well as allowing for increased security and controls.
Director of Mobile at Conferma, Stuart Davenport commented: “This is a really exciting time for us and we’re delighted to now bring to market the first global app of its kind within the industry.
“With the help of this application users will be able to make cashless payments, conveniently, securely and directly on their business account.
The app eases the burden of personal expenses and removes long reimbursement processes, eradicating the need for out of pocket expenses and positively impacting employee retention levels.
Managers can choose to send cards to their staff or let authorized employees create cards via the app on their phones, resulting in easy access from the palm of their hand.
For businesses, the Conferma Pay mobile app provides transparency, efficient spend controls, increased payment security, instant data and is a resource dream, alleviating the time it takes to compile and organise expense payments. It’s also a wider solution for businesses, as it can be used to facilitate payments on behalf of the business, initiated by contractors or interviewees for instance.
Along with launching its new mobile app, the brand continues to stay ahead of the curve when it comes to virtual payment technology. The company’s newly formed Innovations team is continually driving product growth and development, with Conferma Pay being one of many to hit the market this year.
Stuart went onto to say: “Innovation is at the heart of what we do. So it’s always been our intention to prioritise the development of pioneering products throughout 2018.
“Conferma Pay is another platform enhancement from us to our valued customers. We’re continually optimizing our services and looking at the next innovative product in order to empower our clients with the quickest mode of payment whilst keeping transparency intact.”
The Conferma Pay app pilots from today around the world and will continue to add more beneficial services throughout the year. It is available through all major card schemes and over 35 issuing banks globally.
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.
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.
Conferma Pay and Boost Payment Solutions have committed to developing a “best-in-class” virtual payment solution in an extension of their partnership. The partnership seeks to
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