SUNRATE and Conferma team to simplify payments in APAC

By Gloria Mathias

SUNRATE, an intelligent global payment and treasury management platform, has entered into a partnership with Conferma, an expert provider of Virtual Card Number (VCN) technology for corporate travel and expenses.

The partnership builds on SUNRATE’s virtual card-issuing engine and know-how. Given that SUNRATE VCCs allow the settlement of card spending in more than 15 currencies, it will enable Conferma and its clients to scale and expand seamlessly in the Asia-Pacific region.

The relationship brings SUNRATE commercial cards into Conferma’s suite of payment options, enabling Conferma’s partners to optimise payments by selecting the payment method that is most appropriate for each transaction type.

Conferma’s technology offers its clients greater efficiency and control when paying corporate travel suppliers. To settle each transaction, a unique 16-digit VCN is generated. The VCN automatically matches data from Conferma’s integrated network of Global Distribution Systems (GDS) and online booking channels to transaction data from SUNRATE to produce a consolidated view of B2B travel expenditure.

Coco He, General Manager of SUNRATE, said, “SUNRATE has been revolutionising travel B2B payments with a series of announcements, such as our strategic partnerships with Sabre and Agoda, including the launch of new virtual commercial cards with the Mastercard and Visa networks. This partnership with Conferma puts us firmly on track to be the one-stop B2B partner for the travel industry as we remain committed to continuously innovating our online travel solution offerings.”

SUNRATE is also the principal member of the Mastercard and Visa networks and is certified to the international financial data security standard Payment Card Industry Data Security Standard (PCI DSS) Level 1. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with global financial institutions, such as Citibank, Standard Chartered, Barclays, and J.P. Morgan.