PAYMENTS, FINTECH
Sunrate | January 05, 2023
As a part of its online travel service, the fintech company SUNRATE has teamed with Visa to offer virtual corporate cards.
With the introduction of virtual corporate cards, SUNRATE's travel stakeholders now have a more streamlined and effective method of making payments to their partners, like airlines and hotels. In addition, close to the end of last year, SUNRATE also shared news of a strategic alliance with Agoda, a global digital travel platform.
SUNRATE believes that virtual corporate cards are revolutionizing travel payments. Online travel agencies can set expenditure restrictions, specify usage, and designate vendors using virtual cards. The travel partners of SUNRATE are in charge of allocating and keeping track of expenses. Besides, security is a crucial component of the virtual card. By allowing for a constrained window of use for a single card, technology such as application programming interfaces (APIs) has reduced the risk of card information being misused when presented.
SUNRATE said that the company's decision to offer Visa virtual corporate cards is a significant step because it strengthens its position as a one-stop B2B payment partner, especially in the travel industry. After announcing its partnership with Agoda, SUNRATE has worked with many other players in the travel industry, including other OTAs, and is proud of being able to meet all business needs.
Visa Business Solutions stated that the partnership's timing is excellent, considering the global rebound of business and leisure travel. Visa supports fintech companies like SUNRATE in their efforts to develop innovative solutions that make it easier for businesses to control their expenditure and make secure and seamless business-to-business payments.
About SUNRATE
SUNRATE is a global company payment and treasury platform. It is licensed and regulated as a major payment institution by the UK's Financial Conduct Authority, Indonesia's Bank Indonesia, Hong Kong Customs, and Singapore's Monetary Authority. Since 2016, its cutting-edge proprietary platform, vast global network, and robust APIs have helped over 130 firms scale local and worldwide growth.
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FINANCIAL MANAGEMENT, INVESTMENT MANAGEMENT
ViewTrade | January 03, 2023
The broker-dealer subsidiary of ViewTrade Holding Corporation, ViewTrade Securities, Inc., announced the launch of its carrying broker services. This expands ViewTrade Holding Corporation's already robust B2B2C technology and services offerings, which are used by a variety of international customers, including broker-dealers, registered investment advisors (RIAs), and Fintechs.
The financial services clients of ViewTrade Securities now have the option of opening accounts with clearing firms, brokers, and bank custodians connected to ViewTrade's technology, using carry broker technology to carry their own customer accounts, or having ViewTrade Securities, Inc. open, maintain, and bring their customer accounts directly to create an even more seamless and affordable customer experience of integrated services.
Brokerage firms exist to assist their clients in bringing together two sides for trade, bringing buyers and sellers together at the most incredible price feasible for each, and extorting a commission for their service. Full-service brokerages provide extra services like research and advice on various financial products.
ViewTrade offers financial services clients the technology, support, and brokerage services necessary to swiftly begin or improve a retail investment experience. ViewTrade is dedicated to providing simple, affordable solutions, and its product and service innovation is driven by customer needs and created in collaboration with its financial services clients.
About ViewTrade
ViewTrade powers global fintech and cross-border investing. It helps business innovators launch or improve retail investing with technology, support, and brokerage services. Its approach has helped over 300 firms, from tech startups to large banks, brokers, and advisors, differentiate customer investment experiences. The company helps business clients with investment access and financial solutions in over 20 countries. Meanwhile, Orbis Systems and ViewTrade Securities are owned by ViewTrade.
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PAYMENTS, FINTECH
SUNRATE | January 17, 2023
SUNRATE, a leading global fintech firm, announced today that it has successfully integrated Mastercard Cross-Border Services into its intelligent global payment and treasury management platform thereby, enhancing its customers' worldwide cross-border payment capabilities.
Mastercard Cross-Border Services integration is the latest expansion of the two firms' ongoing global partnership. In 2020, SUNRATE secured the Mastercard principal membership, providing the company with direct access to Mastercard's leading global payments network and resources.
Mastercard Cross-Border Services facilitates businesses to send and receive money safely and confidently through a single, secure point of access. SUNRATE's successful integration implies that its clients can send money to five designated Asian nations, including the Philippines, Thailand, Malaysia, Vietnam, and China.
SUNRATE Head of Product, Qincheng Wang, stated, "We have a vision for SUNRATE to be the go-to B2B payment and treasury management platform, especially for emerging markets. As such, the flexibility brought about by Mastercard Cross-Border Services, such as the capability to make cross-border payments to the most popular and emerging markets worldwide is something that our customers are very excited about. Our collaboration with Mastercard will allow our customers to focus on what is more important in their scaling journey, such as localization efforts and potentially establishing new revenue streams for their businesses."
(Source – PR Newswire)
"Mastercard is pleased to further its collaboration with SUNRATE via its Cross Border Services solution, enriching SUNRATE's remittance service in a faster, safer, more transparent and cost-effective way. Mastercard Cross Border Services reaches over 100 markets and 90% of the world's population and this partnership will continue to expand in hopes of enhancing the cross-border service for businesses," said Helena Chen, Managing Director, Hong Kong and Macau, Mastercard.
(Source – PR Newswire)
About SUNRATE
Founded in 2016, SUNRATE is a global payment and treasury management platform for enterprises worldwide. It has been recognized as a leading solutions provider, enabling companies in over 130 countries to accelerate local as well as global growth through its cutting-edge proprietary platform, broad global network, and robust APIs. Headquartered in Singapore and offices in Indonesia, the United Kingdom, Japan, and China, SUNRATE collaborates with the world's leading financial institutions, including Standard Chartered, Citibank, and Barclays, and is a Mastercard and Visa principal member.
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