Mawarid Finance has partnered with KamelPay to introduce AbsoluteCard, a cutting-edge corporate payment solution designed for businesses in the UAE. This new offering, powered by Mastercard, signifies KamelPay's strategic shift from its initial focus on workforce payments and salary processing to a more comprehensive approach to corporate expense management. By leveraging technology, AbsoluteCard aims to provide organizations with real-time visibility and control over their spending, thereby streamlining payment processes and enhancing operational efficiency.
KamelPay, which has already established a strong presence in the UAE with over 1,600 corporate clients through its PayD ecosystem, is now poised to expand its service offerings significantly. The collaboration with Mawarid Finance underscores a mutual commitment to simplifying financial management for businesses, as highlighted by Rashid Al Qubaisi, CEO of Mawarid Finance. He emphasized that the new solution will empower businesses with greater control and efficiency in managing their corporate expenses.
Ehsan Rahman, Co-founder and CEO of KamelPay, noted that the evolution from workforce payment solutions to a broader suite of financial products reflects the company’s vision of supporting organizations with innovative tools. This partnership not only enhances KamelPay's product portfolio but also positions it as a key player in the corporate payments landscape, offering businesses a streamlined approach to managing expenses while improving transparency and control.
As the demand for efficient financial solutions continues to grow in the UAE, the launch of AbsoluteCard could reshape corporate payment dynamics, making it an attractive option for businesses seeking to optimize their financial operations. This development is indicative of a broader trend in the fintech sector where technology-driven solutions are increasingly becoming essential for corporate financial management.
KamelPay, which has already established a strong presence in the UAE with over 1,600 corporate clients through its PayD ecosystem, is now poised to expand its service offerings significantly. The collaboration with Mawarid Finance underscores a mutual commitment to simplifying financial management for businesses, as highlighted by Rashid Al Qubaisi, CEO of Mawarid Finance. He emphasized that the new solution will empower businesses with greater control and efficiency in managing their corporate expenses.
Ehsan Rahman, Co-founder and CEO of KamelPay, noted that the evolution from workforce payment solutions to a broader suite of financial products reflects the company’s vision of supporting organizations with innovative tools. This partnership not only enhances KamelPay's product portfolio but also positions it as a key player in the corporate payments landscape, offering businesses a streamlined approach to managing expenses while improving transparency and control.
As the demand for efficient financial solutions continues to grow in the UAE, the launch of AbsoluteCard could reshape corporate payment dynamics, making it an attractive option for businesses seeking to optimize their financial operations. This development is indicative of a broader trend in the fintech sector where technology-driven solutions are increasingly becoming essential for corporate financial management.
Source: Fintech News ME
