Conferma significantly reduces the costs of recurring business purchases with the launch of Conferma Wallet

Conferma WALLET is Conferma’s answer to digitizing recurring and regular business payments at a much lower cost.

This is the latest innovation to come from leading global FinTech company, Conferma, following the launch of Conferma Pay this month, a world-first in virtual payments. 

Virtual wallets serve multiple functions and can have various meanings in today’s fast moving environment. Conferma WALLET is a closed loop payment solution that stores prepaid funds to allow for real time transactions, automatic updates and reconciliation to build greater efficiencies in all aspects of business. 

Conferma WALLET gives users the ability to pay for numerous business expenses including; travel, insurance, subscriptions, stationery and more at a much lower cost and with greater efficiencies. 

Simon Barker, CEO and Founder of Conferma said: “Virtual payments are fast approaching a tipping point due to the accelerated growth over the past year, creating a need for both individuals and businesses.”

“As a prepaid payment service, Conferma WALLET enables businesses of any kind to deposit an amount of funds with their preferred merchant and subsequently avoid the cost of credit card interchange altogether. Therefore, on each business transaction no individual merchant costs are incurred equating to big savings. “

Barker added: “Virtual payments are becoming increasingly popular for higher-frequency purchases due to sophisticated integration that allows for heightened security and data enrichment, strengthening supplier relationships and building mutual value.”