Mastercard and FinTech Pemo team up to boost UAE’s SME sector
By Delisha Fernandes
Mastercard and Pemo, a UAE-based FinTech startup that supports businesses across the Middle East, North Africa and Pakistan (MENAP), have partnered to promote cashless, flexible expense management for small and medium-sized businesses (SMEs) in the UAE.
The partnership will provide Pemo Mastercard Corporate cardholders with access to a range of features that enable them to boost productivity, save on business and leisure expenses and unleash business growth. The program will also connect SME cardholders to over 150 merchant discounts through the Easy Saving Specials (ESS) platform, an SME-exclusive global redemption-based program with time-limited merchant offers redeemed at checkout.
“We are thrilled to partner with Mastercard, who shares our vision to promote cashless spend management solutions for businesses in the UAE. We are specifically geared and catered towards SMEs, and we are well aware of their pain points. For all too long, SMEs have faced challenges when it comes to keeping a tight rein on their finances and expense management processes,” said Valerie Konde, Co-Founder of Pemo.
Combining digital and contactless payment technology, Pemo’s physical and virtual corporate cards allow businesses to digitize and automate the spend management process, including one-click invoice payments and real-time cash flow monitoring for full visibility over spending habits.
“At Mastercard, we are dedicated to connecting businesses big and small with better ways to make payments and manage expenses. Our innovative payment solutions empower businesses with enhanced efficiency, transparency, and control. We are delighted to partner with Pemo as we continue to work towards our commitment of bringing 50 million micro, small and medium enterprises (MSMEs) worldwide into the digital economy by 2025,” said Gina Petersen-Skyrme, Vice President and Country Business Development Lead, UAE & Oman, Mastercard, Mastercard.
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