Enterprise payments firm i-payout wants more businesses to use a mobile device to make payments. The company announced over the weekend that its business payments solutions can now be accessed on a smartphone through its new NOW mobile app.
According to i-payout, 27 percent of business transactions are already done via mobile device. NOW was released in support of that trend in corporate payments. Businesses can check their accounts and monitor recent transaction activity, but the app won’t offer all of the features of i-payout’s web platform until a later date, the company said.
“The trend towards increase mobile usage is obvious,” said i-payout CEO Eddie Gonzalez in a statement. “As more and more people are relying on their mobile device, the creation of an app that can be used anywhere, at anytime, was a natural progression.”
The company added that rolling out NOW is also a response to heightened demand among i-payout’s clients for a mobile solution. According to Gonzalez, an app also promotes the company’s offering of access to accounting data in real time.
“The app addresses the need for many of [i-payout’s] users to have continuous access to real-time information concerning their businesses,” the company said in its release.
The app is available for iOS and Android devices, the firm added.
Mobile money management is a rising trend across several processes of the enterprise, including travel and expense management, as well as small business banking. Earlier this year, researchers found that mobile banking SMEs are more confident in their companies; according to Raddon Financial Group, 75 percent of small and medium-sized businesses using mobile banking tools expect sales to increase, compared with 56 percent of non-mobile banking SMEs.