Mesh Payments introduces cardless payments solution

By Pavithra R

Mesh Payments, a FinTech company disrupting the corporate payments space has announced the launch of cardless payments solution for businesses to streamlines subscription, and on-demand payments while preventing organizational downtime.

Mesh Payments’ cardless payments solution offers complete visibility and control over businesses corporate spending and enables intuitive payment orchestration, corporate spend intelligence, and reconciliation.

“The corporate card was never built to shoulder an entire business’s SaaS payments. Today, not only are businesses finding it increasingly challenging to align and control decentralized corporate spending, but they are also realizing that corporate cards pose a major business continuity risk. All it takes to interrupt a business’s mission-critical services is their bank flagging a suspicious transaction and suspending their corporate card. With cardless payments, Mesh Payments gives businesses a one-stop hub for orchestrating, managing, and optimizing their corporate spend and subscription payments while preventing subscription payment failures that result in business interruptions. Our cutting-edge technology enables us to deliver a solution that caters to the dynamic needs of companies in the post-COVID-19 era. As a result, we have seen a 10X increase in the adoption of our solution during the past few months,” said Oded Zehavi, co-founder and CEO of Mesh Payments.

Small-to-medium enterprises (SMEs) use more than 40 SaaS tools on average, many of which are mission-critical.The SaaS market segment is forecast to grow to $220.21 B throughout 2022. COVID-19 pandemic and its long-term impact on remote working, has also accelerated the rapid deployment of SaaS solutions to support a distributed organizational structure. Businesses can replace their existing corporate card infrastructure with Mesh Payment’s digital, cardless payments solution.

“Prior to implementing Mesh Payments, all our subscription and SaaS spend was dependent on our corporate card. Since we started using Mesh Payments digital, cardless payments solution, we’ve gained complete visibility and control over our subscription and SaaS spend. This has given us peace of mind that payments won’t get in the way of our business,” said Shahar Tamari, COO of Global-e.

Founded in 2018, Mesh Payments was founded with the vision of re-writing the way corporate payments are made. It gives businesses a one-stop hub to orchestrate, manage, analyze and optimize, reconcile, and reduce their corporate spend and subscription payments while preventing payment failures that can result in business interruptions.