Veem has unveiled a Visa virtual card as part of its efforts to enhance its real-time payment capabilities. This new payment method is expected to benefit customers who need to convert incoming payments into versatile Visa cards, allowing for a variety of new business opportunities. This fee-free virtual card is issued in collaboration with Pathward, Visa, and Marqeta, and it serves to broaden Veem's payment offerings by allowing the company to cater to the unique needs of its clients.
Marqueta has claimed that this card addresses a critical concern for small and medium-sized enterprises (SMEs) regarding the facilitation of spending management. Marqeta's innovative platform will allow Veem to the launch virtual cards via open APIs.
Business-Oriented Visa Cards
Veem Releases a New Virtual Visa Card for SMEs with Zero Fees
Trend Themes
1. Real-time Payments - Veem's virtual Visa card enhances real-time payment capabilities for SMEs, opening up new business opportunities.
2. Payment Method Diversification - The fee-free virtual Visa card provides SMEs with a versatile payment option, allowing for a variety of new business opportunities.
3. Spending Management Solutions - Marqeta's innovative platform addresses SMEs' concerns by enabling Veem to launch virtual cards via open APIs.
Industry Implications
1. Financial Technology - The real-time payment capabilities of Veem's virtual Visa card disrupt the financial technology industry, opening up opportunities for digital payment innovation.
2. Small and Medium-sized Enterprises (smes) - The fee-free virtual Visa card caters to the unique needs of SMEs, providing them with a diversification of payment options and boosting their spending management capabilities.
3. Payment Processing - The collaboration between Veem, Pathward, Visa, and Marqeta disrupts the payment processing industry by offering a new and innovative virtual card payment method.