Mamo and Paymentology unveil enhanced card program for UAE SMEs

By Gloria Methri

Paymentology has announced a strategic partnership with FinTech Mamo to empower small and medium enterprises (SMEs) in the UAE. The partnership will enhance the features and services available through Mamo’s existing card program, offering greater rewards and benefits for SMEs across the kingdom. The expanded offering will include credit cards in addition to debit cards, multi-currency card functionality, cashback benefits of up to 2%, and streamlined expense management workflows.

Mamo was  founded in 2019 to tackle the everyday banking challenges that SMEs face in the Middle East. With a mission to expedite financial independence, Mamo offers a consolidated platform where businesses can access payment collection, corporate credit and debit cards, and expense management tools in one intuitive interface. This comprehensive solution allows SMEs to bypass the need for multiple service providers, thereby streamlining financial operations and enabling entrepreneurs to focus on growing their businesses.

SMEs across the UAE are leveraging Mamo’s platform to enhance payment collection across diverse channels such as WhatsApp, eCommerce, payment links, and digital invoicing, resulting in hours of savings for finance teams.

With Paymentology’s scalable, flexible next-generation payments technology, businesses will also benefit from an improved end-to-end customer experience with direct support from Mamo, real-time reporting capabilities, and physical and virtual corporate cards designed for vendor payments, particularly within the travel industry.

Mamo’s customer-centric focus means that business users benefit from tools that simplify complex financial processes, improving payment conversion rates and enabling faster access to revenue.

Imad Gharazeddine, co-founder and CEO of Mamo, said, “Traditional banking and finance solutions fall short in serving SMEs, and one-third of all SMEs consider switching financial providers due to subpar user experiences and product efficacy. Our partnership with Paymentology brings together a shared commitment to create customer-focused solutions and leverages Paymentology’s technology to address these gaps. Together, we are offering UAE’s SMEs fast, reliable and secure payment options that simplify expense management, enhance cash flow, and empower business owners with greater financial freedom.”

Jeff Parker, CEO of Paymentology, added, “Our partnership with Mamo is built on a shared dedication to elevating customer experiences through tailored, impactful solutions. Leveraging Paymentology’s advanced technology and proven track record, we are thrilled to bring virtual Visa cards to the UAE’s SMEs to support their expense management, creating a pathway to greater financial inclusion and supporting the entrepreneurial energy that fuels the UAE’s economic growth.”