SlipMate, a South African expense management solution, has announced that it has enabled e-commerce functionality for its Mastercard corporate prepaid cards, a first-of-its-kind integration for the South African market.
SlipMate is an intelligent expense management solution designed by Innervation Rewards that enables South African companies to reconcile employees’ corporate expenses from their Mastercard prepaid corporate card, via the SlipMate app.
According to Steve Mallaby, CEO at Innervation Rewards, employees are increasingly seeking the convenience of online purchases for a broad range of business and travel expenses.
“The e-commerce sector in South Africa has seen exponential growth since the start of the pandemic, with more South Africans than ever before making online purchases. In a first for the South African market, SlipMate’s Mastercard corporate prepaid cards can now be used to access a range of services, including online flight and accommodation bookings, ride-hailing trips, and online shopping.”
SlipMate’s mobile app enables employees to easily capture, submit and track expense claims, while embedded analytics empowers HR and finance departments with visibility over the full expense claim process, from submission to pay-out. Mastercard corporate prepaid cards linked to SlipMate enable employees to pay for travel and entertainment expenses securely and conveniently, with the new functionality now allowing them to make online purchases.
According to Mastercard research, 68% of South Africans are shopping more online since the onset of the COVID 19 pandemic.
“Social distancing has changed the way people pay and in turn, has accelerated the demand for safe and secure e-commerce payment solutions. Through our collaboration with Innervation Rewards, we are pleased to enable safe and secure e-commerce payments, while helping companies to significantly reduce their admin costs and overheads,” says Suven Kander, Division Lead of Core Products, Processing and ACH at Mastercard, Southern Africa.
SlipMate gives companies more control over their employee spending, with the option to add purchasing controls to eliminate fraud to improve policy compliance. When used in combination with reporting and expense management solutions, they bring better visibility and efficiency into corporate travel and entertainment expenditures.