Vipera launches SME Pay in collaboration with Mastercard

Source: Vipera

Vipera plc (AIM: VIP), the specialist provider of mobile financial services, is pleased to announce that Vipera and Mastercard have collaborated to launch SME Pay, a mobile payment solution that helps small business owners to view, control and manage their income and expenditure, wherever they, or their staff, are.

The SME Pay mobile app comes with a dedicated mPos (mobile point of sale) device, which allows small businesses to accept payments from clients, wherever they are.
The SME Pay solution also allows small business owners to control spending by setting multiple conditions on the use of their staffs’ Mastercard Business Cards.

The app allows the owner to decide whether staff can make payments in-store, buy online or withdraw cash from ATMs, setting transaction limits, authorised transaction times and provides alerts when one of the business cards is used. All controls are real-time and can be individually amended on the owner’s mobile app, or on their online dashboard.

User profiles can also be created for teams, giving their cards different functionality depending on need: for example, field staff may only use their cards in-store, office staff only online. Additionally, to facilitate expense management users can attach photos of receipts to each transaction and export all transactions to excel or as a pdf.

Vipera CCO Simon Pearce commented: "We are delighted to be launching SME Pay in collaboration with Mastercard. SME Pay will help small business owners manage their business spending and improve their cash flow. It is a safe and simple solution that gives small business owners control and visibility over the Mastercard Business Cards held by their staff and the mPos means staff no longer have to handle cash. We look forward to rolling out this new and innovative solution.”

Mastercard VP Small Business Products - Europe, Dick Paul commented: “Mastercard is pleased to partner with Vipera in bringing a solution to market which addresses the real needs of Small Business customers in controlling their card spend and receiving customer payments on the go. This is another great example of the way Mastercard collaborates with preferred digital partners included on the Mastercard Engage platform.

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