Kenyan Technology Company Boya Partners With Diamond Trust Bank To Launch Virtual Visa Cards For Business Payments

By Samuel Ouma

Kenyan Technology Company Boya on Tuesday launched its virtual expense card in partnership with VISA and Diamond Trust Bank - Kenya.

Boya has included DTB's Cards as a Service product onto its platform as part of the agreement. With one virtual card solution and no fees, the card is anticipated to assist businesses in managing payments and costs.

As a result, customers of Boya will be able to obtain virtual corporate cards supported by the Visa card program thanks to this connection.

This will help businesses to track, control, and reconcile company spending with these virtual corporate cards, easing financial procedures and fostering financial transparency.

"We are excited to introduce our cutting-edge Virtual Card Expense Management solution to Kenyan businesses. Our aim is to empower businesses with a comprehensive tool that simplifies expense tracking, enhances financial control, and drives operational efficiency,” said Boya Chief Executive Officer Mr. Alphas Sinja.

” By automating time-consuming tasks and providing valuable insights, our solution enables organizations to focus on core activities and achieve their strategic goals.”

He added, “In today's fast-paced digital landscape, traditional expense management processes often fall short in meeting the demands of modern businesses. Cumbersome paperwork, manual reconciliation, and time-consuming expense reporting can hinder productivity and impede financial visibility. Recognizing these challenges, Boya has developed an advanced virtual card solution designed to streamline and simplify expense management.”

On the other hand, Nasim Devji, group CEO and managing director of DTB, said the collaboration will put them at the forefront of the market and provide clients with access to customized, safe, and user-friendly financial products.

"Today, we embark on an exciting journey with Boya, where innovation and collaboration will drive real change in the realm of financial services. Our goal is to accelerate the development of innovative fintech products and services by serving as the link between banking and technology," said CEO Devji.

The Boya platform is an all-encompassing, cloud-based platform that streamlines and automates the complete expenditure management process.