Empowering SMEs with Innovative Corporate Expense Solutions

In a strategic move to cater to the evolving financial needs of small and medium-sized enterprises (SMEs), digital banking and payments firm i2c has forged a groundbreaking partnership with Beyon Money Business. This collaboration aims to launch a cutting-edge corporate expense card program, initially targeting businesses in Bahrain and eventually expanding across the Gulf Cooperation Council (GCC) region.

Unlocking Efficiency and Growth for SMEs

Streamlining Corporate Expense Management

The Beyon Money Business corporate card program, powered by i2c's innovative technology, is designed to revolutionize the way SMEs manage their expenses. By leveraging i2c's modular, Software-as-a-Service (SaaS) platform, the program offers enhanced functionality and robust security features, including 3D security for eCommerce transactions. This comprehensive solution empowers businesses to gain greater control and visibility over their financial operations, enabling them to optimize cash flow and working capital.

Embracing the Shift Towards Commercial Cards

The partnership between i2c and Beyon Money Business is a direct response to the growing demand for specialized corporate financial tools among businesses. As the commercial landscape evolves, companies across various industries, including transportation and logistics, are increasingly turning to commercial cards as a strategic tool for managing their B2B spend and employee expenses. This transition is driven by the shifting dynamics in credit card transaction costs, where the value proposition for each party involved is being reevaluated.

Unlocking the Potential of Open Banking

The collaboration between i2c and Beyon Money Business also aligns with the rising prominence of open banking in the global financial landscape. As open banking becomes more prevalent, application programming interfaces (APIs) are gaining widespread recognition and appreciation. According to Seth Perlman, the global head of product at i2c, APIs serve as a scalable and rapid way to integrate with underlying financial services and processing capabilities, without replacing the core infrastructure.

Expanding Regional Reach and Accessibility

The launch of the Beyon Money Business corporate card program is a testament to i2c's expansive network and certifications with major card brands. This ensures broad and seamless regional accessibility, enabling the program to cater to businesses across the GCC states. Serena Smith, the chief client officer of i2c, emphasizes that this collaboration is part of the company's overall effort to provide an infrastructure that supports and accelerates the growth and operational efficiency of its clients.

Empowering SMEs to Thrive in the Digital Era

The partnership between i2c and Beyon Money Business represents a significant step forward in addressing the evolving financial needs of SMEs. By leveraging cutting-edge technology, enhanced functionality, and robust security features, the corporate expense card program aims to empower businesses to streamline their operations, optimize cash flow, and ultimately, drive their growth and success in the digital era.