“Currently, most business owners rely on outdated card management systems as part of their corporate bank accounts. Lots of physical paperwork to activate and change settings, no rewards management interface, customer service lines with long waitlists to activate and block. I’m proud to say that we are working with Visa and NIUM to fix this and provide a better digital solution for a new generation of business owners who demand better experiences,” said Andrea Baronchelli, co-founder and CEO at Aspire.“One of NIUM’s goals is to look at improving business efficiency through the introduction and facilitation of financial technology, and we are really excited to be partnering with Aspire to do so. Through this partnership, we are able to employ NIUM’s leading technology to help expand Aspire’s core offerings and create a better banking experience for their SME clientele. Our collaboration with Visa also allows us to issue cards in a shorter time, fast-tracking integration of digital capabilities and allowing quicker and easier access to capital,” said Prajit Nanu, founder, and CEO at NIUM.

“SMEs form the backbone of our economy, and we are here to support their business growth. Our research shows that SMEs often face challenges when it comes to cash flow and productivity. Through this partnership with Aspire and NIUM, we enable SMEs to embark on this digital payments journey and help them increase cash visibility of their businesses and promote efficiency in their business models. This is aligned with our government’s goal for SMEs to become more digital,” said Kunal Chatterjee, Visa Country Manager for Singapore & Brunei.