Mobilexpense and bunq partner up to bring payment cards to employees
bunq has announced a new partnership with Mobilexpense, the leading European expense management solution. From today, bunq is fully integrated into the Mobilexpense Declaree platform, providing companies and employees with the means to reduce out-of-pocket spending by managing company cards directly from the expense solution.
Mobilexpense Declaree customers can now open bunq bank accounts dedicated to managing employee expenses, while keeping their main bank account separate. This allows customers to remain in full control of their money and expense process, including card ordering, distribution, and management from within Mobilexpense Declaree.
Under the bunq model, Mobilexpense Declaree users can also manage their liquidity more effectively, avoiding the need to provide employees with expensive traditional credit cards or to transfer funds to third parties that control prepaid cards, which often go unused.
With the integration of bunq, Mobilexpense Declaree customers benefit from real-time insights into their spend, while employees use the company cards within set limits rather than paying for expenses personally. Each transaction made with a bunq card is pushed directly to the Mobilexpense Declaree app for the employee to attach the receipt, making paper expense forms and lengthy credit card statements a thing of the past.
Each bunq account has either a Dutch, German, French or Spanish IBAN and is protected by the European Deposit Guarantee Scheme. With bunq’s multi-currency feature, clients doing business abroad can receive, convert, hold, and spend in 15 different currencies, including US dollars, British pounds, and Swiss francs.
Ali Niknam, founder and CEO of bunq, said: “We’re hugely excited to team up with Mobilexpense. Like bunq, they build super simple products that make life easy for businesses and users across Europe.”
Patrick Van Deven, CEO Mobilexpense, said: ‘‘In the post-COVID world, expense management is no longer just about business travel – it includes anything from office supplies to monthly software subscriptions. We have seen a growing interest in cards for a while now and they will play an even more crucial role in the future of efficient expense management.
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