Xente, a financial technology platform that provides payment solutions for businesses, today announced its partnership with Visa, the global leader in digital payments, to issue virtual and physical Visa business cards to all businesses in allowing them to make payments to online and offline vendors, disburse money and manage business expenses.
“We are proud to work with Visa to launch the first corporate card from a Fintech company in East and Central Africa. Managing a business and its money had become more complex; teams are distributed and remote, payments to suppliers are online and global, business is digital. Our solution will help finance and accounting teams manage this complexity in a single platform. We will save companies a lot of money and countless man hours. Allan Rwakatunga, founder and CEO of Xente, said.
Thanks to Xente’s partnership with Visa and Ecobank, companies and their teams can make payments for online and offline purchases, anywhere in the world, and their finance and administrative teams will be able to control and monitor these expenses in real time. Xente Visa business cards will provide versatility for business and can be used to pay online vendors, petty cash, travel, per diems, meals, reimbursements and disbursements.
Corine Mbiaketcha, Visa’s Vice President and General Manager for East Africa, said, “We believe fintech can unlock unique opportunities for us and our clients. Such nationwide collaborations will allow business owners to digitize their payments and avoid the inefficiencies associated with cash and paper-based systems, while taking control and efficiently managing their finances and business expenses. We are confident that with Xente we will perform outstandingly in the market.
Managing Director of Ecobank Uganda, Grace Muliisa said, “As Ecobank, we know that financial inclusion can ultimately contribute to economic development and this collaboration to issue Xente Visa business cards is a further demonstration of Ecobank’s commitment to providing affordable, simple and innovative solutions to businesses. across Africa, which is a key strategic driver to achieve the goal.
This partnership demonstrates Visa and Xente’s commitment to providing affordable, simple and innovative solutions to businesses across Africa.