Mendel, a corporate expense management company, expands its relationship with Visa, a global payment technology company, with the signing of a new agreement. This is an alliance that allows Mendel to directly issue and operate its corporate credit card program on the Visa payment network.
With this, Mendel will be able to offer a new package of solutions and services with global standards in digital means of payment. In fact, this type of transaction registered a growth of 63% among Mexicans who shop online, said Luz Adriana Ramirez, general director of Visa Mexico.
During the agreement signing event, Ramirez highlighted that smartphones have become the digital center of people after the pandemic. Thus, digital payment solutions become more common.
With the strengthening of its alliance, Mendel can expand the services it offers beyond corporate expense control. “It will allow us to offer new technological solutions that contribute to the development of business in Mexico and the region,” said José María Zas, chairman of Mendel.
Before this alliance, Visa and Mendel already collaborated on the corporate spending card solution. Resources are deposited in them for employees to cover needs related to their work, such as per diem. Now, Mendel is able to issue credit cards for that sector.
David Blásquez, Mendel’s country manager, explained that with this solution, companies can save between three and seven dollars per invoice. A year, depending on the size of the company and the invoices recovered, this represents a significant saving of money and time. An employee is likely to lose a ticket or forget to ask for an invoice; but Mendel recovers all expenses immediately.
Given the economic effects caused by the pandemic, optimizing each weight in companies is vital. Data from the World Bank indicate that the global economy had a recession of 4.3%. In addition, the agency indicates that the recovery will be gradual but slow.
“Given this scenario of reactivation, it is essential that the actors of the financial and payment ecosystem remain at the forefront to contribute to the strengthening and resilience of organizations,” Mendel said in a statement.
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