back Back

Mastercard & Qashio partner to boost cashless spend management

By Delisha Fernandes

August 22, 2023

  • B2B solutions
  • corporate credit cards
  • FinTech Dubai
Share

Mastercard, Qashio, spend management, SMEs, FinTech news, FinTech Dubai, corporate credit cards, B2B solutionsMastercard, a global technology company, has partnered with UAE-based spend management FinTech company Qashio to launch corporate credit cards.

The strategic partnership aims to enable the corporate credit cards with virtual issuance capabilities across the region to make the future of expense management cashless, transparent and flexible for corporates.

Gina Peterson-Skyrme, Vice President and Country Business Development Lead for the UAE & Oman, Mastercard  said, “The UAE is on an accelerated path towards achieving a cashless economy. By playing an active role in the FinTech and SME sectors, Mastercard enables businesses to achieve operational efficiencies through our innovative technology and solutions while supporting the country’s vision of a digital-first economy. Qashio’s robust end-to-end spend management platform offers exciting new opportunities for SMEs, and we are pleased to collaborate with them to bring convenient and rewarding commercial B2B payments to more businesses.”

In line with the UAE government’s vision to grow a robust digital economy, Mastercard and Qashio are expanding access to commercial B2B solutions that can help SMEs digitise and transform their operations with a digital-first mindset and approach.

Businesses can count on convenient, cashless, and automated expense management that also simplifies digitisation and enables seamless modernisation of corporate spend management.

Armin Moradi, CEO and Co-founder of Qashio said, “Collaborating with Mastercard is a huge opportunity for the MENA FinTech industry. Mastercard has provided access to global learning opportunities and lends the stability and security of a multinational firm that is well-known and highly respected in the payments and FinTech sectors.”

Qashio’s virtual and physical cards and software allow businesses to manage their spending more automated and transparently, saving hundreds of man-hours and reducing petty cash leakage in the process. Finance and HR departments benefit from better expense reporting, better visibility, control of cash flows and an empowered workforce.

Previous Article

August 22, 2023

Nagad accelerates the digital payments landscape in Bangladesh

Read More
Next Article

August 22, 2023

BB Energy, Komgo & SGTraDex partner to facilitate digital trade finance

Read More













IBSi Daily News Analysis

eCommerce fraud, merchants

September 27, 2023

B2B solutions

Global merchants increase spending to combat eCommerce fraud

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

September 27, 2023

Leatherback simplifies cross-border payments for migrants in the UK

Read More

September 27, 2023

Visa and Lloyds Bank partner to create new virtual card solution

Read More

September 27, 2023

PoddL taps into freelance economy & launches payments acceptance platform

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£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 2023