Paynetics, a UK-based payment service enabler, announced on Wednesday it has formed a partnership with promotional campaign firm Benamic to develop its mobile first, digital corporate card program. Paynetics reported that the new app solution, with a rewards engine and Apple Pay and Google Pay enabled, will initially run with a leading brand in the electricals sector, and its business customers, which will benefit from the digital-first promotional activity on mobile, in-store and online.
Amanda Harrison, VP, Head of Business Development at Paynetics, spoke about the launch by stating:
“We’re thrilled to be the issuing and payment partner of choice for Benamic and their extensive client base. Paynetics, and our technology partnerphyre, is at the forefront of digital transformation in Europe. Together with our partners, we’re continuing our mission to simplify payments. We’re excited to see the success of this initial promotion and look forward to collaborating with other leading brands to innovate their product propositions.”
Paynetics further revealed that the program showcases virtual branded cards, embedded in a “plug-and-play” mobile application, with mobile payments enabled. It also provides the added convenience of a newly-developed corporate portal which enables Benamic to manage customer card transactions in real-time. Ann-Marie Smee, CEO of Benamic, went on to add:
“Working on this program with Paynetics and our client, we were able to optimize our digital solutions in support of our client’s business objectives, enabling them to engage with their users in an easy and seamless way and to reward their loyalty. Digitalization, as we know, isn’t just a trend but a new market reality, and, as our portfolio of services demonstrates, we utilize an array of tech to offerunmatched customer experiences. Offering Google and Apple pay enabled prepaid cards as reward incentives further compliments our exciting service offering.”
Founded in 2005, Paynetics claims to be a leader in B2B payments and a digital banking platform provider and is on a mission to simplify payments.