Viva Wallet's Merchant Account is a comprehensive digital banking solution tailored for businesses seeking efficient payment processing and financial management. By offering a seamless integration of payment acceptance and corporate expense management, Viva Wallet empowers merchants to handle transactions effortlessly and optimize their financial operations. Key Features and Functionality: - Instant Account Setup: Businesses can open a Viva Wallet Merchant Account online, enabling immediate activation of digital business cards and the ability to accept payments without delay. - Diverse Payment Acceptance: Merchants can accept a wide array of payment methods, including major credit and debit cards (Visa, Mastercard, American Express, digital wallets (Apple Pay, Google Pay, Samsung Pay, and local payment options, catering to a broad customer base. - Real-Time Settlement: Transactions are settled instantly into the merchant's account, ensuring continuous access to funds, even during weekends and public holidays. - Corporate Expense Management: The platform allows for the issuance of multiple personalized debit cards for employees or departments, facilitating detailed tracking and management of corporate expenses. - Security and Compliance: Viva Wallet employs advanced security measures, including PCI DSS Level 1 compliance, strong customer authentication (SCA, and AI-powered risk management systems, ensuring secure and compliant transactions. Primary Value and Solutions Provided: Viva Wallet's Merchant Account addresses the critical needs of businesses by streamlining payment acceptance and financial management processes. The platform's ability to offer instant account setup and real-time transaction settlements ensures that businesses have immediate access to their funds, enhancing cash flow management. The diverse payment acceptance options cater to a wide range of customer preferences, potentially increasing sales and customer satisfaction. Additionally, the integrated corporate expense management tools provide businesses with the capability to monitor and control expenditures effectively, leading to improved financial oversight and operational efficiency. By consolidating these essential services into a single platform, Viva Wallet empowers businesses to focus on growth and customer engagement, while ensuring secure and compliant financial operations.