RemotePass Expands Fintech Offering with Corporate Expense Cards for Remote Teams

A technology company that offers a global HR-tech and payroll management platform, RemotePass has introduced a corporate expense card specifically designed to aid distributed and international teams called SpendCards. 

With its official launch, RemotePass addresses long-standing issues with expense management for multinational companies by being the first global payroll platform to provide expense cards developed particularly for remote workers working across borders.

Kamal Reggad, the founder of RemotePass, explained the occurrence issue of the financial team often dealing with  "zero visibility into spending until after money is gone," which leads to inefficiencies and compliance problems. Hence the introduction of SpendCards which will ensure compliance to global tax laws, reducing administrative expenses as well as encouraging transparency. 

This introduction is in alignment with the rising expansion of remote workers and the need for proper effective cross-border expenditure management by organizations. RemotePass alongside SpendCards is expected to allow businesses to grow globally while protecting financial control as remote staff continues to expand.

With the establishment of the new SpendCards product, which provides real-time transaction tracking, automated expense allocation and integrated controls like spending caps and processes for approval. In more than 150 countries, businesses can instantly issue expense cards to team members which lowers employees' out-of-pocket costs since they are associated with digital wallets like Apple Pay and Google Pay and can be used anywhere in the world in any currency.

RemotePass is growing stronger as an essential component of the future of work through the integration of payroll, HR, and fintech solutions into a single platform. This platform offers tools to promote the digital transformation of company finance and simplify global workforce management.