Spendvision to develop new eWallet payment solution for the Asia-Pacific market to provide greater visibility and control over corporate expenses
TOKYO, Japan– MobilityWire® – May 10, 2010
Spendvision, a global provider of total transaction management solutions, today announced the opening of two new offices in Japan and Singapore. The offices will enable Spendvision to target new customers in the Asia-Pacific region with its pioneering transaction management platform.
Spendvision provides a single platform capable of tracking and managing corporate transactions across banking, telecoms and travel in all locations, languages and currencies – giving CFO’s greater insight into all types of transactions by making information easy to access, search and understand. The new locations will complement Spendvision’s existing offices in the UK, US, Australia and New Zealand.
Signalling Spendvision’s plans to capitalize on its growing revenues in Japan, the company signed a joint venture agreement with local entrepreneur Mr. Tatsuya Murakami – who has a long history of successful ventures and an in-depth knowledge of the Spendvision platform – to create Spendvision Japan, and open a new office centrally located in Shibuya, Tokyo.
The office in Singapore – located in the Raffles Place financial district – will support both the company’s key alliance with Visa Inc. and allow Spendvision to expand banking and telecoms partnerships in the region, helping these organizations provide cost saving and process efficiency solutions to their corporate and public sector customers.
“Our new offices will help further our dialogue with customers and partners in the Asia-Pacific region and enable us to not only better serve our customers here but also develop products to meet the specific needs and expectations of this cutting edge market,” said Robert Kirby, CEO of Spendvision. “We’re building up a network of IT consulting firms and partners in both Japan and Singapore to drive growth and engage with prospects across a broad range of industries, including our core focus on the banking, telecoms and travel sectors.”
Spendvision will develop a new eWallet solution – initially for the Asia-Pacific market – that will allow employees to upload details of purchases they make from any location using their corporate eWallet. The solution will make it easy to integrate electronic payments made using any number of devices in the office, at home or on the move into the transaction process with simple auto coding and reporting functionalities.
“Payment methods in Asia-Pacific can be significantly different to those used in other markets such as the US and Europe,” continued Kirby. “Japan in particular is a great barometer for emerging mobile trends and technologies that are fundamentally changing the way employees make corporate purchases. Sophisticated new technologies like eWallets are increasingly popular throughout Asia and it’s vital that transaction management is kept as simple as possible to ensure that companies can easily access and search the transaction information they need to make informed business decisions and optimize corporate spend.”
Spendvision will also be looking to form partnerships with businesses in Japan and Singapore that want to introduce new products and services to their customers without investing the time, resources and expenses needed to develop their own solutions in-house. By harnessing the benefits of Spendvision’s extensive experience and comprehensive technology platform , partners can rapidly introduce customized transaction management solutions that address the specific needs of their customers without detracting from their core business activities – allowing them capitalize on emerging trends and enter new markets quickly.
Spendvision is a leading innovator of transaction management solutions. Through just one technology platform Spendvision delivers more effective purchasing that increases business profitability, improves decision making and delivers greater control and compliance. All this across the broadest range of transactions from simple cash, card, online travel bookings and telecoms right through to interactive coding, requisitions and dynamically funded accounts.
Spendvision is headquartered in the UK with offices in the US, Australia, New Zealand, Japan and Singapore and works with leading customers and partners around the world. The Spendvision solution is available direct to businesses and through partners across the banking, telecommunications and travel sectors that provide the solution to their customers in their own brand.
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