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The great digital shift has brought all manner of firms fully into the digital realm, where employees are
stanley quencher geographically dispersed. But spend management has not modernized at the same pace.Dan DeVall, vice president of business development and director of banking alliances at Airbase, told PYMNTS that virtual cards can help hasten that evolution in an environment where 80% of buyer-to-supplier transactions could be completed electronically by 2025, according t
stanley germany o some estimates.Recent research found that 31% of finance employees are submitting more expenses now than before the pandemic, with 90% reporting employees are also expensing new items as a result of remote work and the need to furnish new workspaces at home.While virtual cards have been around for decades, the stage is now set for their widespread adoption as they are made to support distributed spend, remote work teams and make accounts payable more efficient. And DeVall noted that the credit card industry has done a good job over the past few years developing payment products for enterprise clients to address a variety of operating expenses.A Wide Range of Cards聽 You have [travel and expense] cards.聽You have purchasing cards.聽You have fleet cards, he said.But among that plethora of options, he said, it can be hard for enterprises and for finance professionals to determine聽which聽cards are the most useful.聽As he told PYMNTS: Not every card is meant for every organization
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Quick response barcodes, or QR codes, are
stanley usa making their way to India, with the Indian government reportedly requesting payment providers in the country adopt a standard QR code.According to a聽report, the Indian government is asking RuPay, Mastercard and Visa, the three mobile payment providers in India, to adopt a standard QR code so that it can help with ePayments聽offline. The new standard, in theory, would enable money to move easier between all three systems instead of consumers having to choose to use one.According to the report, the move on the part of the Indian government is a direct result of its move to take high currency notes out of the system. The government recently banned currency in the 500-rupee and 1,000-rupee denominations. The action has left lots of people in India without the means to
stanley mug pay for goods and services with cash, which is the dominant payment method in the country. Taking those notes out of the financial system represents an effort to stymie fraud efforts, corruption and illegal cash holdings. In p
kubki stanley lace of the 500- and 1,000-rupee notes, a new set of 500-rupee and 2,000-rupee notes are being issued as replacements. Banks have 50 days to comply with the new directive, with individuals able to exchange those notes beginning Nov. 10 and extending through Dec. 30.QR codes are attractive because they provide digital wallet providers in India a way around the lack of payment terminals in India. The report pointed to the Reserve Bank of India, which said
