Remote Launches Virtual Expense Cards for Global Employees

Remote's new virtual expense cards are designed to streamline expense management for companies using its Employer of Record (EOR) service. These cards enable employees to pay for work-related expenses without using personal funds or waiting for reimbursement. Companies can issue virtual cards rapidly, often within one business day, and implement granular controls such as spending limits and purchase restrictions.

A key aspect of this offering is its integration with existing employment data. Remote's system automatically records transactions, allowing finance teams to track spending and apply controls directly at the point of purchase. Michiel Boere, Remote's Chief Financial Officer, stated that this approach consolidates employment, payroll, and spending data into a single platform, aiming to provide a unified view of global employee finances.

Remote reports charging no platform or per-card fees for this service. It is offered to eligible EOR customers in supported countries, rather than as a standalone product. The article does not specify which countries are supported or provide details on the nature of "eligible EOR customers," nor does it elaborate on potential foreign exchange implications for international transactions.