Currently in open beta, the service gives businesses an instant and visual insight into their finances, tracking their ingoing and outgoing payments on the go. Users can add and track bills via a range of manual and automated methods through the Web-based client and mobile app, while notifications and reminders can be set too.
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Thailand-based founder Ian Borders explains that the service is designed to “remove the friction” of payments to make it easier for small business owners to stay in control of their finances — which are ultimately crucial to their long-term success.
In addition to tracking payments, MergePay also processes them. It currently has bank connect support for more than 11,000 banks worldwide — including every major bank in the US, UK, India and Australia — but when it launches in full this month it will add the following across Southeast Asia (with more coming soon):
Singapore: DBS, OCBC, OCBC Business, Standard Chartered, UOB, and UOB Business
Thailand: Bangkok Bank Business, Standard Chartered
Philippines / Cambodia / Vietnam: ANZ Bank
“The Asian market is so often neglected when it comes to premium services that connect to bank accounts,” Borders tells TNW. “Being based in Thailand, we see this problem often, so it was super important to us to fill this gap with our service. Southeast Asia is, and always will be, at the forefront of our mind when it comes to future features.”
MergePay has come a long way since we first wrote about it last August. It now includes new features such as automatic scanning of receipts via the mobile app and expense tracking, not to mention payment processing itself.
You can sign up to use the service in advance of its upcoming launch by visiting mergepay.com and providing your email address.
➤ MergePay (Beta)
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