Source : happay
Tuesday, February 24, 2015 10:00AM IST (4:30AM GMT)
RBL Bank and happay Launch First-of-a-Kind ‘happay Business Expense VISA Card’ to Eliminate the Pain of Expense Reporting
Bangalore, Karnataka, India

happay, a Bangalore-based start-up disrupting business expense management and RBL Bank (also known as Ratnakar Bank), together today launched the “happay Business Expense VISA Card”.

happay makes expense management cashless, paperless and mobile by simplifying the entire expense management workflow from recording of expenses to accounting.  It allows organizations to replace manual business expense management processes which are costly and cumbersome with VISA cards, that auto-record and classify expenses on mobile as well as automate expense reporting and approval.

The happay business expense management solution consists of a VISA card that can be remote controlled through a mobile app and a web platform. The new age, cloud and mobile based expense management solution with advanced monitoring and tracking capabilities gives real-time visibility and tighter control over business and employee spends. It allows employees to record and report expenses on the go. Its centralized platform allows the management to have visibility and control into how and where money is spent, in real time, through mobile and web. The happay business expense management solution has been piloted in various industry sectors and has proved to be tremendously beneficial for organisations having a dispersed workforce.

RBL Bank is one of India’s fastest-growing scheduled commercial banks with an expanding presence across the country. It currently has a network of over 180 branches and 350 ATMs across 12 Indian states. The bank is at the forefront of bringing disruptive banking technologies into the market and works on a number of initiatives with new-age companies such as happay to cater to the millennial generation.

Supporting Quotes

Anshul Rai, CEO & co-founder, happay

“Businesses expense management has remained the same for decades and we have been able to bring a change in the system. We’re delighted to partner with RBL Bank and VISA to bring a new-age solution for businesses in India. The initial results from our pilot customers has been very encouraging and we’re pleased to now take this solution to the broader market.”

Ritesh  Pai – Senior Vice President and Head  Direct Banking Channels, RBL Bank

“RBL Bank is committed to partnering with innovative digital companies to answer the needs of tomorrow. This partnership is one more step in that direction. In the recent past, there have been several new payment innovations on the B2C front but very little traction on the B2B payments front. The core value proposition of this service is that it eases the burden companies place on their employees and accounting departments to cover expense outlays .We are excited to partner with happay, as it will change the way businesses manage and report their expenses going forward.”

Sony Jacob, Finance and Accounts, Windmills Craftworks Bangalore

“We had to dedicate one person especially for petty cash settlement, checking for supporting documents etc. and we always had to borrow someone’s card for online expenses. We have been using happay Cards with the integrated mobile and web dashboard for three months now. With happay, all the expenses are automatically recorded and verified, and hence they can directly be imported into accounting. It has freed up one person for doing more productive work. happay has streamlined the process and made it paperless. We are also spending 70% less time in managing expenses. As a secondary effect, some of our other business processes have also become faster, as people can decide on their own now.”

About happay

Founded in 2012, happay is a one of its kind, business expense management solution that streamlines an organization’s expense workflow from end-to-end (expense reporting to accounting) and gives real-time visibility and control over business spending. All purchases done from this card are auto-captured on the happay platform. Employees can snap photos of receipts, record cash expenses and submit expense reports in minutes, on-the-go. Anshul Rai and Varun Rathi, both from IIT Kharagpur are the brains behind this disruptive solution. To know more, please visit

About RBL Bank (Ratnakar Bank):

RBL Bank is one of India’s fastest growing scheduled commercial banks with an expanding presence across the country. It has currently grown to a network of over 180 branches / 350 ATMs across 13 Indian States and Union Territories.The Bank has been recognized by the World Economic Forum as a Global Growth Company, 2014 and has been awarded India’s Best Bank (Growth) in the mid-sized bank segment by Business Today-KPMG in two consecutive years, FY12 and FY13.

Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. It embarked on an aggressive growth plan based on a robust platform of professional governance, relationships, technology infrastructure, high quality capital and geographic expansion. Today, RBL Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The Bank currently serves more than 10,00,000 customers and has a total business size of over Rs. 20,000 Cr. Over the last three years, some of the most notable global and domestic names have infused capital of over Rs. 1,500 Cr., taking TIER 1 capital to Rs. 2,000 Cr. (approx). For more information, please visit

Photo Captionhappay debit card

Media Contact Details

Shwetha Thomas, RBL Bank, ,+91-9821287390 ,+91 (22) 43020546 ,

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