Volopay joins hands with Visa to offer the benefits of Visa’s Fintech Fast Track Program to its consumers in Australia. The Y-Combinator backed fintech platform that combines bill payments, corporate cards, and expense reimbursements is ready to expand its financial management services in the Australian market with the help of Visa.
The purpose of this partnership is to allow Volopay to issue Visa cards to its Australian consumers. This will make Volopay the only fintech organization in the country to do so as a one-of-a-kind solutions provider.
Rajith Shaji, CEO and Co-Founder, Volopay, said, “The Visa Fintech Fast Track Program gives us an edge that we haven’t had before. The ability to issue our own cards sets us apart from other fintech providers who are merely distributing cards. This way, we have full control over the product we provide to our clients. We are also able to create a well-rounded financial stack with enhanced offerings to our Australian clients. Australia represents a huge market opportunity for Volopay, with over three million registered businesses across the country. As businesses look to improve their financial processes to gain better efficiencies and productivity, Volopay is well-positioned to assist businesses on this front.”
Volopay has been amazing to homegrown companies of Australia, like edtech firm Cluey Learning, employee management platform Deputy, and mobile video service organization m-View with its unique advantages of a single dashboard for vendor payments, and automated expense management and others. The fintech organization also offer business loans to organizations to scale up.
The alliance is going to turn Volopay into a card issuer from being a card distributor and expand the variety of services that it would offer to its consumers. Volopay’s upgraded solutions comprise a custom integration to help MYOB and Xero users.