Beyon Money Business offers digital financial solutions to SMEs

By Gloria Methri

Beyon Money Business, part of the Beyon Group, is now live, offering digital financial solutions tailored to both SMEs and Corporates. It provides business customers with expense management through prepaid cards, profitable solutions to invest company liquidity with Flexi Invest, and B2B instant payments.

Companies registering with Beyon Money Business will be able to issue digital prepaid corporate cards for their team members to better manage departmental requirements such as petty cash, invoice payments, travel expenses and more. The solution has been developed in partnership with Tmam, a spend and expense management platform catering to businesses in the GCC.

Beyon Money Business has been developed to enhance the digitization of payment processes for businesses. It helps reduce timelines for many day-to-day activities, including expense reconciliation, receipt consolidation and budgeting. Additionally, it can automate financial system processes, such as expense reporting, providing analytic tools with valuable insights into spending patterns, expense categories and trends.

The new vertical offering also facilitates investment opportunities through Flexi Invest, the innovative liquidity remuneration product which offers attractive returns of up to 5.1%. Companies may invest their cash to earn monthly profit payments with the freedom to withdraw at any time and no penalty charges.

Beyon Digital Growth CEO Shaikh Mohamed bin Khalifa Al Khalifa said, “We are delighted to announce that Beyon Money Business is now available to bring a world of benefits to the Enterprise sector. We understand how SMEs and corporations need digital financial services, and Beyon Money Business provides tools that enable businesses to optimize their spending with prepaid cards for their employees while also generating profits on their liquidity through Flexi Invest.”

“Furthermore, customers can benefit by reducing their merchant acquiring costs through Beyon Money Checkout the only B2B digital wallet payment solution available in Bahrain,” he added.