Sri Lankan lender DFCC lender has collaborated with Visa to launch a corporate credit card.
The new DFCC Visa corporate credit card is said to offer better security, accountability and cash flow management.
The bank claims that with the new card, businesses can avail higher discounts on card programmes.
Moreover, the card is category-specific. These include the Fuel Card, Travel Card, Online Payment Card, Vendor Payment Card, and Utility Payment Card.
The card enables consolidated statements for cards and interactive e-statement.
With the card, users can also benefit from automatic monthly bill settlements.
As reported by Daily Mirror, Visa group country manager for India and South Asia TR Ramachandran said: “Visa Corporate Cards allow businesses to effectively manage their accounts payables, monitor and control business expenses and digitise payment processes, leading to better working capital management & cost savings, efficiencies and stronger compliance.”
The card integrates with payments and cash management solution DFCC iConnect.
It also integrates with DFCC’s interactive eStatement that offers insight into spending behaviour.
Daily Mirror quoted DFCC Bank CEO Lakshman Silva as saying: “We are pleased to add further value to our corporate banking customers with this value added DFCC Visa Corporate Credit Card which offers a whole host of benefits and convenience for corporate to streamline payments.
“DFCC has always been leading the fintech space in banking and this is yet another first by the bank to empower its corporate clientele by rendering their cash management process a smooth one while enhancing their employee relationship.”