Mobile financial services provider Vipera has joined forces with Mastercard to introduce a new solution that will enable small businesses manage their expenditure.
The new mobile-based solution, called SME Pay, integrates with the Mastercard Business Card. It enables entrepreneurs to set conditions on the use of their employees’ Mastercard business cards to control in-store payments, ATM withdrawals, as well as online purchases.
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The solution also has the capability to create different user profiles for different teams based on their specific requirement.
The solution is linked to a mobile point of sale device that enables businesses to accept payments from clients in real-time.
Vipera CEO Marco Casartelli said: “SME Pay will help small business owners manage their business spending and improve their cash flow. It is a safe and simple solution that will mean staff no longer have to handle cash and spending can be controlled.”
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