Swiss spend management firm Yokoy has launched a Visa business debit card to integrate automated payment transactions into a spend management solution.
The Yokoy Visa Business Card is available both as a physical card and a virtual product, to companies with employees across Europe, a statement said.
The solution comes with no card fees, account fees, transactions fees or foreign currency surcharges when used in the EU.
Yokoy’s software helps to integrate the card with spend management software and existing enterprise resource planning systems. It works with common financial and HR systems.
The debit card is powered by the global card issuing platform Marqeta. Initial customers of the company include Doodle Germany and Austria’s Bitpanda.
“From freelancers to large corporations, businesses of all sizes are now realising the capabilities of modern payment card platforms, which allow companies to manage spending and expenses much more efficiently with real-time functionality,”
said Ian Johnson, SVP/Managing Director Marqeta (Europe).
“We are very pleased to announce the joint pan-European launch of the Yokoy Visa Business Card.
This includes a card with direct connection to the company account, which employees can use both contactlessly and on the go at the point of sale, as well as online or in-app at 80 million acceptance points worldwide,”
said Ute König-Stemmler, Head of Business Development Central Europe at Visa.
Featured image: Yokoy
