Beyond by RS2, the innovation division of BaFin-licensed RS2 Financial Services GmbH and part of the RS2 Group, has partnered with Hakisa, a portfolio company of Maffei & Co., to launch a comprehensive card-based expense management solution specifically designed for social service organizations and municipalities.
As part of this collaboration, Beyond by RS2 will act as the Bank Identification Number (BIN) sponsor and Mastercard card issuer, while Hakisa will provide its HakiPay® expense management platform for the joint initiative.
The newly introduced solution enables social institutions, welfare organizations, and local authorities to issue payment cards to employees, caregivers, and project partners, while maintaining complete oversight and control over expenditures. Developed on Mastercard’s infrastructure, the solution complies with European regulatory standards and upholds data protection protocols.
Florian Heuberger, Senior Product Manager for Consumer Solutions at RS2, commented, “Through this collaboration, we are launching a secure, efficient, and compliant solution for organizations that manage funds from donations, care budgets, and public resources. Our issuing platform provides real-time visibility into spending, featuring controls such as merchant category code restrictions, budget limits, and rules specific to projects.”
Andreas Buchner, Managing Director of Maffei & Co., added, “In conjunction with Beyond by RS2, we are facilitating a modern, transparent, and fully digital method for social organizations and municipalities to manage funds. By incorporating Mastercard cards into our HakiPay platform, we are enabling our clients to enhance the efficiency, security, and traceability of their expenditure processes.”
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