Moorwand to support Vaziva with BIN sponsorship and settlement services for their pre-paid card solution.
Moorwand, the BIN sponsor and Issuer that transforms compliance into an enabler of innovation, has today announced that is has been chosen to provide BIN sponsorship and settlement services for Vaziva, the French fintech specialising in employee benefits.
At a time where consumers require more choice and less friction when it comes to payment options, Vaziva delivers innovative solutions to companies and Works Councils by offering a new generation of holiday, gift and restaurant vouchers. They have eliminated the inflexibility previously encountered with paper vouchers by providing a managed Mastercard® payment card for social and economic committees (CSE) to give to their employees throughout France.
With a market value of over 10 billion euros, and a number of players still using paper vouchers, Vaziva has an opportunity to become a leading force in the employee benefits space. By providing immediate loading, in-store and e-commerce access and greater visibility of spending via an IOS and Android app, the Vaziva prepaid card provides a greater user experience for employees as they spend on cultural activities throughout the year.
Together, Moorwand and Vaziva are working to transform the payments experience for French companies and employees using flexible, hassle-free and secure prepaid solutions.
Luc Gueriane, Chief Commercial Officer and Director at Moorwand, said, “It is really exciting to be working with Vaziva to eliminate the use of paper vouchers for staff councils, and to be part of their next phase of growth. Vaziva’s migration to work with Moorwand is a great example of the key role Moorwand plays in enabling businesses to provide truly ground-breaking products and services.”
Christophe Kourdouly, Director of Finance at Vaziva, said, “We are proud to be working with a team of industry experts who are pioneers in the field of payments. We needed a company with a forward thinking approach to help us to achieve our goal of digitising the employees benefits sector. Moorwand has always been prolific in providing a great service thanks to a tailored selection of program managers and colleagues with a high level of technological skills. For a company like Vaziva, the resilience of our model relies on this type of collaboration.”