Velmie Launches Payment Card-as-a-Service

• Velmie added a card module to its updated white-label BaaS solution.
• The new card module will help businesses offer their own customized physical or virtual payment card.
• Velmie’s new release also enables businesses to issue physical and virtual corporate cards to their employees.

Mobile e-wallet platform Velmie released an updated white-label solution that offers the addition of a card module. The new BaaS offering will help companies build and launch their own fintech business.

The card module is a new feature of Velmie’s white-label solution and will offer businesses a comprehensive tool set to launch their own customized physical or virtual payment card product. The solution integrates with both Apple Pay and Google Pay, and includes 3D Secure to protect against fraud.

Additionally, Velmie enables businesses to issue physical and virtual corporate cards to their employees. Doing so offers businesses visibility and control over expenses, enables them to set spending limits, and provides them control over transaction types.

“Velmie built white-label solutions not only to speed up time to market for new fintech products but to make them scalable and future-proof,” said Velmie Founder and CEO Slava Ivashkin. “We’re excited to release our upgraded Velmie application. We believe it will be valuable for fintech companies and banks looking to create innovative solutions that meet the changing needs of their customers.”

Facilitating this week’s launch are Velmie’s recent fintech partners, including  payment, open banking, and sustainability services fintech Enfuce and all-in-one business financial platform ConnectPay.

Velmie was founded in 2010 and its technology helps traditional banks and mobile wallet companies provide compliant and scalable mobile banking, e-wallets, remittance platforms, payroll solutions and more to their end customers. With three office locations spanning from the U.S., the U.K., and Lithuania, Velmie serves customers across four continents.

Photo by Ketut Subiyanto

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• Source: https://finovate.com/velmie-launches-payment-card-as-a-service/