The use of prepaid cards is growing by leaps and bounds in Argentina, in one year, increased by 50% and are a tool that companies increasingly choose to use to manage their expenses and provide benefits and travel expenses to their collaborators. And pay attention to this trend, Nubi, a company that belongs to the Comafi Group, presented its new product: Nubi Corporate, an International prepaid Visa card.
The main advantage that this product offers, compared to, for example, a traditional corporate card, is that It is managed entirely from an app and, on the other hand, allows greater control of spending, while giving the possibility of being more flexible with credit that is granted to each employee or collaborator.
“It allows you to instantly assign a card to a collaborator and different amounts can be assigned to each person. There is no single credit like a traditional bank card, but, for example, one can be given $3 million and another $10,000” , he said Mariela Enrici, CMO of Nubi. Likewise, if an employee leaves the company, the entire leave system is much easier than a traditional corporate credit card.
Many clients already use this tool in the testing stage and hope to reach 1,000 by the end of the yearwhich implies tripling the amount they have today. Enrici says that some municipalities are using this tool to make transparent the management of funds intended for employees, but also for citizens, such as traditional food bags, which could be replaced by credit on our prepaid card.
“Nubi Corporativa joins the app along with Nubi Benefits and Nubi Lunches, two options that are constantly growing. It is designed for different business expenses, such as travel, training and subscriptions, or fuel. Also, for everyday expenses such as bookstores, supplies, refreshments, and entertainment expenses, events and corporate gifts,” they highlighted. Scope from Nubi.
How does Nubi Corporate work?
“This launch will allow organizations to digitize the management of money flows in a personalized way within a technological platform that meets the highest standards of cybersecurity and regulatory compliance in the country,” he mentioned. Mariela Enrici, CMO of Nubi. On the other hand, it stands out that the easy use guaranteed by the app means that no type of official training is needed for its use.
The executive explains that this new tool It provides access to personalized and agile management, without fixed or maintenance expenses, and gives the option to segment by category and grant balances for free use.. Likewise, it is worth mentioning that the registration process is digital and is available for both iOS and Android operating systems.
“It also has the option to upload receipts in the app, It takes the exchange rate of the day on international expenses and allows money withdrawals from Rapipago, Extra Cash and ATMs,” the company explained. And they detailed that “a photo is taken of the receipt and it is immediately uploaded to the reporting office, which gives greater traceability to corporate expenses.”
Digitizing receipts for greater efficiency
And the possibility of digitizing employees’ expenses makes the financial management of organizations easier and more efficient. That’s why, Nubi allows you to view all team payments on a single self-managed platform, assign cards, customize the amounts and items available, and manage the flow of funds..
Even if the person forgot to upload the receipt, the application reminds them that they did not do so. You can also access consumption reports for each employee in one place, having an x-ray of usage and facilitating and streamlining expense management processes. “It gives a lot of flexibility in use and that guarantees a better allocation of resources,” said Enrici.
Currently, More than 300 companies use Nubi solutionshas 50,000 active users and this new launch projects to achieve exponential growth. “We want to triple these figures in 2025”says Entrici.
Source: Ambito
