TLabs incubated expense management & mobile wallet service provider Happay has tied-up with RBL Bank to launch Happay Visa Cards for corporate entities with built-in expense management service, reports The Economic Times. As part of the deal, Happay’s cloud-based expense management service will be integrated with the card and track expenses remotely. Users will also be able to record and report their expenses using a mobile app.
It’s worth noting that last month, Tata Teleservices subsidiary MMP Mobi Wallet Payment Systems operated money transfer and payment service mRupee had partnered with RBL Bank to launch a Visa powered Open Loop prepaid card. The card is expected to allow customers without bank accounts to withdraw money from Visa supported ATMs as well as pay for goods and services where Visa cards are accepted, across the country.
In January, digital payments company TranServ had also tied-up with RBL Bank to launch a digital payments suite for both customers and merchant called Shmart!. RBL Bank provides the semi-closed loop prepaid account to store funds in Shmart!.