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Best Virtual Cards for Businesses

31st May, 2024 by Diadem Akhabue

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Business owners, finance managers and many other business executives make different kinds of online payments almost every day. Thankfully, they don't have to sit around looking between the numbers on a physical card and their screen before making payments or run between offices to make requests and pass around a card for payments. With virtual cards, businesses can make online payments securely without worrying about remembering a long train of numbers.

Virtual cards are easy to create and even easier to use, especially for businesses. The card details are not exposed to prying eyes, and with various customisation options available, you can reduce your business's exposure to fraud.

Here are some benefits of virtual cards for businesses;

  1. Easy to create - Virtual Cards are easy to make and can be done online from the comfort of your home or office.
  2. Better Security—With Virtual Cards, your card details are not visible to all eyes, and even if your wallet gets stolen, you can rest assured that your funds are safe as the details are stored digitally.
  3. Simplified Expense Tracking—By clicking a few buttons, you can quickly see how and what each department is spending money on.
  4. Simplified Accounts Payable Process - Long time spent reconciling tons of paperwork is eliminated for the Accounts team with virtual cards. The records are kept digitally and can easily be reconciled.
  5. Compatible with multiple websites—From booking tickets to business subscriptions, travel allowances, etc., a virtual card for a business should be able to make all these online payments with minimal failure.
  6. Available in multiples - Sharing cards across departments exposes a business to fraud, duplicate payments and other administrative problems. An ideal virtual card provider should be able to create multiple cards while giving one person oversight on how the cards are used.

Now that we know what makes an excellent virtual card, here are some of the best virtual cards for businesses in Africa

WeWire Virtual Cards

The WeWire Virtual Card is denominated in dollars and possesses all the functions listed above, from guarding card details securely by 2-Factor Authentication to creating an unlimited number of cards tied to one account.

Grey Virtual Card

Grey empowers your team's online purchases with access to prepaid virtual Mastercards, which are perfect for subscriptions, software licenses, and international transactions. Grey eliminates foreign transaction fees and hidden charges, while detailed expense insights help you manage budgets effectively.

Klasha Virtual Card

​​Klasha virtual business cards let you pay directly from your local currency for essential business subscriptions like project management tools or cloud storage in USD. The card boasts of secure transactions and fraud protection, allowing business owners to focus on growing their businesses.

VertoFx Virtual Card

Verto virtual business cards help you streamline your spending and simplify expense management. It takes a few minutes to create and can be assigned to your team members in minutes, enabling them to make international payments in multiple currencies with zero foreign transaction fees.

In conclusion, as the digital landscape continues to evolve, adopting virtual cards for business transactions isn't just a smart move—it's essential for staying ahead. Among the top contenders in Africa, WeWire stands out with its comprehensive features and robust security measures. The WeWire Virtual Card, denominated in dollars and equipped with 2-Factor Authentication, ensures your business enjoys seamless and secure online payments. With the ability to create an unlimited number of cards tied to one account, WeWire offers unparalleled flexibility and control, making it the ideal choice for businesses looking to streamline their expenses and enhance security.

Switch to WeWire today and experience the future of business payments. With WeWire, you’re not just keeping up with the times—you’re setting the pace.

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