MuchBetter Unveils Prepaid Corporate Mastercard: Revolutionizing Business Expense Management
MuchBetter, a leading name in the FinTech industry, has just introduced the MuchBetter Prepaid Corporate Mastercard, a revolutionary solution designed to streamline corporate expense management. This launch not only enhances their B2B offerings but also signifies a strategic move beyond consumer-oriented services, establishing MuchBetter as a full-fledged financial service provider for modern businesses.
Enhancing Corporate Expense Management with the MuchBetter Corporate Card
The MuchBetter Corporate Card is crafted to meet the dynamic needs of scaleups, FinTechs, and global enterprises that demand efficient and controlled methods for managing operational expenses. Here’s how it stands out:
- Streamlined Processes: The Corporate Card aims to remove the inefficiencies associated with traditional corporate cards.
- User-Friendly Design: It is designed to be agile and intuitive, making it easier for finance teams to manage expenses.
Key Features of the MuchBetter Corporate Card
The MuchBetter Corporate Card offers a suite of features that empower finance teams with better visibility and control:
- Instant Virtual Cards: Businesses can issue virtual cards within seconds.
- Customizable Controls: Apply spend limits and merchant category restrictions.
- Real-Time Tracking: Monitor all transactions through a dedicated mobile app and Merchant Portal.
- Self-Service Management: Utilize the Merchant Portal for comprehensive card management.
- Integration Capabilities: Compatible with any accounting system for seamless operations.
Integration with Banking Solutions
The MuchBetter Corporate Card integrates seamlessly with MuchBetter Business’s Accounts banking platform, providing access to multi-currency business accounts with fast onboarding and lower fees compared to traditional banking options. Currently, the card is issued via Paynovate, with plans for MuchBetter to become a principal issuer with Mastercard in the future.
Partnerships and Future Endeavors
This product launch coincides with a significant partnership between MuchBetter Business and Living Sky, the first white-label platform customer for MuchBetter’s embedded banking solutions. Living Sky, which is associated with the File Hills Qu’Appelle Tribal Council in Canada, will utilize the Corporate Card within its premium banking services for high-net-worth clients. This white-label capability allows platforms like Living Sky to brand the Corporate Card as their own while MuchBetter manages the underlying technology and compliance.
Why Choose MuchBetter Corporate Card?
With support from Temenos and Tier 1 UK bank NatWest, MuchBetter Business offers global payment access and foreign exchange services under a fully regulated platform, ensuring fast and secure onboarding. MuchBetter aims to expand its ecosystem to include more white-label options for its e-wallet and payment gateway, reinforcing its commitment to cater to mobile-first, globally minded enterprises.
Christian Moore, Head of Portfolio at MuchBetter, emphasizes the innovation behind the Corporate Card, stating, “Business spend is evolving rapidly, and legacy corporate cards haven’t kept up. Our goal was to build a corporate card that brings consumer-grade UX into the business banking world.”
For more details on MuchBetter’s offerings and to stay updated with their latest developments, visit their official website.
