Veem, a global payment network for small-to-midsize businesses, has announced a collaboration with Visa. Over 400,000 of Veem’s customers will have access to a SMB Visa card programme and digital money movement capabilities through Visa Direct, Visa’s real-time push payments platform.
“At Visa, we strive to bring to life digital-first solutions for SMBs that help streamline how they move money – domestically and across borders,” said Veronica Fernandez, SVP, North America Head, Visa Business Solutions.
Visa Direct helps allow businesses to move money to billions of endpoints worldwide, facilitating fast, simple and secure digital domestic and cross-border payments.
Veem clients will have the ability to immediately generate and issue virtual Visa payment cards that can be used for business payments to third parties like suppliers, or for general business expenses. The card programme, combined with Veem’s spend management tools, will provide reconciliation and financial benefits to Veem clients, helping digitise and streamline their manual processes.