Fintech Firm Recharge Introduces B2B Service, Enabling Corporate Gifting of Prepaid Products

Recharge, which claims to be a leader in the prepaid payments industry, is pleased to announce its entry into the B2B market with the pilot of a new service.

With Recharge’s pilot B2B service, businesses can easily “procure a selected range of prepaid products such as gift and prepaid cards, in large quantities.”

This streamlined solution “supports businesses looking to reward and incentivize employees with prepaid options.”

The new pilot B2B service “provides long-term cost savings and helps to reduce packaging waste, as businesses can purchase in large quantities of purely digital products.”

Recharge’s digital prepaid product catalogue “contains over 15,300 products from over 800 leading brands globally.” As part of this pilot businesses can select from a selection of these products and “achieve significant cost efficiencies while minimising their environmental footprint.”

Günther Vogelpoel, CEO of Recharge, expressed enthusiasm for the company’s expansion, stating:

“This pilot B2B service is a testament to our commitment to meeting the evolving needs of businesses. The global corporate gifting industry grew to $242 billion in 2021, enabling employers to better support their employees. We are excited to take our first steps in this space to offer a convenient and cost-effective solution for corporate gifting, empowering businesses to enhance employee engagement and satisfaction. We see this as an opportunity to learn and grow our capabilities in this space in future.”

Recharge‘s entry into the B2B market builds “on its expertise and reputation in the prepaid payments industry, providing businesses with a trusted platform for their prepaid product needs.”

As a “trailblazer” in Europe’s online prepaid payments, Recharge today “operates in over 180 markets globally, processing millions of online transactions yearly.”

Their online platform “offers over 15,300 digital vouchers and prepaid solutions from over 800 leading brands such as Apple, Google, PlayStation and Paysafe, along with cross-border call and data credit remittance services.”

Founded in 2010 and based in Amsterdam, Recharge has quickly “grown into a thriving technology company, raising over $70 million in primary, secondary and debt transactions.”

Today, their platform reportedly “serves more than 3 million users and processes over $500 million in payments annually to make prepaid payments easy.”

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