Veem launches Fee-Free Visa Virtual Card to enable real-time payments

By Delisha Fernandes

Veem, a provider of global accounts payable and receivable solutions for businesses, has announced the release of virtual cards for small businesses in the US. The virtual cards are powered by Visa, and in partnership with Marqeta, the global modern card issuing platform.

Veem’s Visa Prepaid Card issued by Pathward, enables customers to get paid in minutes and use those funds to make purchases anywhere Visa is accepted, globally.

Veem’s Virtual Card is the latest addition to its wide range of payment options, empowering businesses to manage their spending by transforming incoming payments into cards that can be used anywhere Visa is accepted.

“Veem’s Virtual Card represents a transformative leap forward enabling customers to have quicker access to funds and unparalleled payment flexibility.” said Marwan Forzley, CEO of Veem. “Getting paid faster and managing spend are key ingredients for cash flow management”.

Veem automates accounts payables and receivables for businesses. Started with the intention of making business payments as simple as sending an email, the company has revolutionized the way businesses pay and get paid around the world by empowering business owners, accountants, and finance professionals to take control of their payment processes.

“Small businesses are the backbone of our economy, yet face many struggles when it comes to managing spending. Companies like Veem have partnered with Marqeta to make it easier for businesses to manage their spending and stay ahead of expenses,” said Todd Pollak, Chief Revenue Officer, Marqeta. “Marqeta’s platform enables Veem to launch virtual cards quickly through our open APIs and create a seamless experience for their cardholders.”