Release Notes: From new physical corporate cards to mass payout enhancements

Here's a summary of our latest advancements at SUNRATE for those who may have missed it: We've rolled out new physical corporate cards and made significant improvements to our mass payout feature, all aimed at empowering businesses to expand both locally and globally.

Product Launch

Physical corporate cards: unlocking a new global payment experience

We officially launched our physical corporate card in collaboration with Mastercard. This will address challenges faced by businesses, such as managing expenditure limits, and tracking fund flows, providing flexible solutions to meet businesses’ complex and evolving global payment needs.

Product Enhancement

In an exciting development, SUNRATE’s mass payout now supports payments to over 40 countries and regions worldwide. This enhancement ensures that enterprises can efficiently manage global payouts, meeting the demands of their growing international business operations.

Key Benefits of the Enhanced Mass Payout Function:

1. Increased Global Reach:

Previously supporting four countries in Southeast Asia, including Thailand, Vietnam, the Philippines, and Malaysia, we now support regions such as East Asia (Japan, South Korea, etc.), Oceania (Australia, New Zealand, etc.), North America (Canada, the United States, etc.), Latin America, Europe, the Middle East, and South Africa. This extensive reach ensures that businesses can seamlessly manage mass payouts across diverse markets, enhancing their global operations.

2. Efficient Payment Processing:

With direct linkage to the global local clearing network, local payments can now be processed as quickly as T+0. This significantly enhances the efficiency of fund circulation and reduces transaction costs for businesses. Moreover, our ability to settle over 100 payments to different countries in one go every month, further streamlines operations and reduces the administrative burden.

3. Flexibility and Choice:

This enhancement provides flexible payment options, enabling businesses to cater to the specific needs of each market. Whether it’s paying suppliers worldwide, settling marketing expenses, or compensating employees, our solution ensures smooth global business operations.

4. Supporting Economic Globalisation:

As businesses grow internationally, mass payouts have become increasingly crucial. The enhanced mass payout feature simplifies the processing of multiple payments each month, facilitating seamless global operations and helping businesses take advantage of opportunities abroad.

SUNRATE is a global payment and treasury management platform for businesses worldwide. Founded in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. SUNRATE is also the principal member of Mastercard, Visa, and UPI.

Let SUNRATE help you scale your business locally and globally. Create your account in just 15 minutes here or contact our sales team.