Luup launches Mobile Travel Authorisation & Budget Management Service

Luup took to the stage at high-profile financial technology showcase FinovateEurope in London, launching a Mobile Travel Authorisation & Budget Management Service. This service is part of Luup’s Corporate Mobile Payment Solution and solves one of the biggest daily challenges organisations such as corporates and governments face in the UAE and worldwide. 

Travel requests are a vital, daily and costly challenge for organisations. With Luup’s latest service, travel budgets are managed in Luup’s mobile wallet system which enables travel requests, authorisations and payments within minutes - from anywhere, on any mobile network or device. Gone are the days when employees have to chase managers for budget and trip approvals, while flight and other costs rise exponentially by the hour. The new service optimises processes, bringing substantial cost-savings, efficiency and productivity gains to Luup clients. 

Finovate conferences offer an insightful glimpse of the future of money. Each year companies demo their latest financial and banking technology innovations. Following a stringent assessment process, Finovate hand-picked the best, most innovative companies for 2012 - and Luup was selected for its new Mobile Travel Authorisation & Budget Management Service. 

“Luup’s mobile payment offering for corporates caught our attention because we think that area of the market is ripe for innovation,” said Eric Mattson, CEO of The Finovate Group, "We're excited to have Luup demo their latest innovation in that space at FinovateEurope this year."  

Through an interactive live demo from various mobile devices, attendees of the Luup showcase experienced how the service is a fast, convenient and secure way to optimise processes. The service is an addition to Luup’s Remote Authorisation & Mobile Wallet products. 

“This service is one more example of how our corporate solution adds unrivalled value to our clients,” said Luup CEO, Martin Wilson. “Being selected to showcase to the demanding Finovate audience clearly reflects our focus on providing relevant solutions to our clients and the impact Luup is having in the mobile technology and payments market.” 

Luup is driving the future of payments, having launched the only universal mobile payments platform available and winning a Financial-i Leaders in Innovation Award in 2011.