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Fintech & Ecommerce

First Abu Dhabi Bank and Mastercard announced collaboration

Feb 18, 2021

Together, they aim to simplify B2B payments for companies in the UAE, making them more seamless, secure, and convenient

First Abu Dhabi Bank Mastercard

First Abu Dhabi Bank and Mastercard announced collaboration. Source: pexels.com

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.

Commercial payments is an increasing area of focus for FAB, and we are constantly working towards developing advanced solutions that enable our customers to make payments digitally, in a safe and secure manner. As we continue to build on our position in the payments space, our partnership with Mastercard allows us to serve businesses through their leading digital solutions. This move is a testament to our commitment to support both our customers and wider economic recovery
Ramana Kumar, EVP and Head of Payments and Digital, PBG, FAB

We’ve reported that Mastercard and Razorpay teamed up for advanced digital payments.

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