Network International presented new solutions for business transactions in the United Arab Emirates (UAE).
The mentioned solutions were launched as part of a partnership of the specified company with Mastercard. This includes card offerings, expense management, and virtual cards. The relevant information is contained in the joint press release of the partnership participants.
Network International’s commercial clients based in the UAE will be able to digitize business expenses, streamline payment and receivables processes, enhance the security of payment transactions, and improve cash flow using new tools. The corresponding information is contained in the mentioned press release.
Nandan Mer, Group CEO of Network International, says that the company, by launching new payment solutions, seeks to open up new opportunities for the growth of businesses and corporations in the UAE. According to him, the gradual introduction of digitalization of commercial payments is a continuation of the mentioned firm’s efforts to contribute to the realization of Abu Dhabi’s vision of a cashless economy.
The press release also notes that the new solutions are aimed at meeting the demand of corporate clients in the UAE for ways to improve both payment operations and working capital. Separately, it is underlined that the mentioned clients can increase the visibility and efficiency of commercial flows, simplify transactions in everything, including in the context of daily expenses and payments to suppliers, and manage travel expenses and several B2B operations.
J.K. Khalil, division president, East Arabia at Mastercard, said that by combining the payment giant’s capabilities and reach more companies across the UAE will be able to pay and get paid quickly and securely.
As we have reported earlier, Mastercard Presents P2P Pilot for Crypto Credential Tool/
