Rapyd, LytePay, ERA Singapore team up to launch a business wallet and payment card

Friday 21 August 2020 07:51 CET | News

Rapyd and LytePay have announced their collaboration to launch a business wallet and a complementary Mastercard payment card for local-based real estate salespersons (RES) of ERA Singapore.  

The new business wallet is dubbed LytePay and it lets RES access their sales commissions, gain insights into income data, invoice clients, and in the coming months, contribute to retirement funds, purchase health insurance, and more. The business wallet also comes with a payment card powered by Rapyd’s Card Issuing capabilities. It is called Lyte Talent Card, and enables RES to use their commissions anywhere Mastercard is accepted, track and pay for their business and marketing expenses such as staging a client’s home for viewing and paying for listing fees on property marketing platforms. 

Rapyd’s Issuing solution offers end-to-end card management, including activation, funding, card replacements, and card reissuing. With flexible authorisation models that provide more control over funds and balances, users can check their real-time balance, transaction history, refunds. The company’s platform will also enable LytePay to reduce its back-office payments administration by offering a single point of access for reconciliation and settlement.

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Keywords: Rapyd, partnership, LytePay, ERA Singapore, launch, business wallet, payment card, Real Estate Salespersons, Southeast Asia, income data, invoice, card issuing
Categories: Payments & Commerce
Countries: Asia
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Payments & Commerce

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