back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

FAB, Mastercard to enhance commercial payments for UAE businesses

By Edil Corneille

February 11, 2021

  • Fab
  • UAE
Share

Mastercard, FAB, UAE, payments, digital, First Abu Dhabi Bank, B2BFirst Abu Dhabi Bank (FAB) has signed a five-year strategic partnership deal with global payments technology company Mastercard for the enablement of commercial cards and payments solutions. Together, they aim to simplify business-to-business (B2B) payments for companies in the UAE.

Mastercard’s commercial cards and payment platforms will be made available to FAB customers, along with an extensive range of product benefits addressing the needs of businesses and their employees.

Under this partnership, customers can benefit from Mastercard’s In Control solution, an exclusive platform that helps large corporates to streamline their card payments and enhance their cashflow, while ensuring advanced security. Along with comprehensive and sophisticated reporting capabilities, the service offers businesses better access to data and analytics.

FAB will also launch the Mastercard Purchase Card, which will provide smart data and virtual card capabilities enabling commercial and government payments. The bank will further offer a range of Mastercard Travel and Entertainment Cards that allow corporates to empower their employees to make business-related expenditures in a safe and rewarding manner.

Ramana Kumar, EVP and Head of Payments and Digital, PBG, FAB said: “Commercial payments is an increasing area of focus for FAB, and we are constantly working towards developing advanced solutions that enable our customers to make payments digitally, in a safe and secure manner. As we continue to build on our position in the payments space, our partnership with Mastercard allows us to serve businesses through their leading digital solutions. This move is a testament to our commitment to support both our customers and wider economic recovery.”

“First Abu Dhabi Bank has long been a strategic partner of Mastercard in the UAE. Today, we mark a new milestone in this relationship as we expand our solutions and commitment to UAE businesses, supporting them in their digital transformation journeys. The COVID-19 pandemic has changed the way business is done across all sectors, and B2B payments are ripe for modernization and enhanced efficiencies. This partnership will address the challenges that traditional channels pose for UAE businesses by making corporate payments simpler, more secure and convenient,” added Girish Nanda, Country Manager, UAE & Pakistan, Mastercard.

Previous Article

February 10, 2021

Mauritius Commercial Bank announces multi-year partnership with Windward

Read More
Next Article

February 11, 2021

5 top disruptive FinTech firms to watch out for in Vietnam in 2021

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

Fab

The Weekly Wrap: all you need to know by Friday COB | August 19th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 19, 2022

6 FinTech Tweets you should see!

Read More

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

OpenFin appoints Vicky Sanders as Chief Digital Officer

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022