Together, they aim to simplify B2B payments for companies in the UAE, making them more seamless, secure, and convenient
First Abu Dhabi Bank (FAB), the UAE’s largest bank, has signed a 5-year strategic partnership deal with Mastercard for the enablement of commercial cards and payments solutions.
Mastercard’s commercial cards and payment platforms will be made available to FAB customers.
Under this partnership, customers can benefit from Mastercard’s In Control solution. That’s a platform that helps large corporates to streamline their card payments and enhance their cash flow.
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.
We’ve reported that Mastercard and Razorpay teamed up for advanced digital payments.