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.
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.”