Home Fintech Aspire Launches Full Integration With PayNow for Companies

Aspire Launches Full Integration With PayNow for Companies

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Aspire Launches Full Integration With PayNow for Companies

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All-in-one finance platform Aspire introduced that it has enabled bi-directional funds with PayNow, Singapore’s real-time fee system.

Customers could make PayNow transfers to different enterprise or private accounts by way of QR code, cell quantity, Nationwide Registration Id Card (NRIC), Distinctive Entity Quantity (UEN), Digital Fee Deal with (VPA).

Moreover, companies will even be capable of make staff’ CPF contributions on to the federal government from their Aspire accounts by way of PayNow.

This function is now accessible to all Aspire customers with no extra price for limitless native SGD transfers.

Aspire mentioned that the power to make ingoing and outgoing enterprise funds instantly via PayNow has been a extremely requested function by its buyer base of over 15,000, together with Tech in Asia, Love Bonito, EndowUs and AirAsia.

Since its launch in 2017, PayNow has been extensively adopted in Singapore, with over 80% of residents and companies on its community.

It has been quickly carried out by companies to handle their provider and vendor networks, and the worth of PayNow company transactions in Singapore amounted to over SGD 17 billion within the first half of 2021.

The agency added that the pace and comfort of funds via PayNow will assist companies optimise their operations and save time by preserving all funds instantly inside its app.

By seamlessly syncing funds with Aspire’s software program for receivables and payables, companies can now get pleasure from even better ease of use and enhanced monetary management.

Andrea Baronchelli

Andrea Baronchelli

“We’re proud to be the one all-in-one account that gives a full integration with PayNow, Singapore’s main real-time fee system.

 

Right this moment’s era of SMEs are searching for more and more digital options to serve their evolving monetary wants, and we’re proud to be a part of their journey,”

mentioned Andrea Baronchelli, CEO of Aspire.

Aspire provides companies a unified suite of monetary providers together with worldwide funds, company playing cards, payable and receivable administration, accessible by way of a single, user-friendly account.

The corporate has tripled its yearly revenues prior to now yr and hit US$15 billion of annualised complete fee volumes.

Earlier this yr, Aspire closed an oversubscribed US$100 million Collection C spherical and introduced that it has achieved profitability.

 

 

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