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Network International, Mastercard Transform introduce new B2B Payments solution in UAE

Network International, Mastercard Transform introduce new B2B Payments solution in UAE
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UAE – Mubasher: Network International, the leading digital commerce enabler in the Middle East and Africa, has introduced new business payment solutions for companies in the UAE through a partnership with Mastercard.

Leveraging Mastercard's global payments' expertise, Network International will offer card solutions, expense management, and virtual card technology, according to a press release.

This enables clients to digitise expenses, streamline payables and receivables, and improve cash flow.

The solutions aim to enhance efficiency and visibility in commercial payment flows across spend categories from daily expenses to supplier and travel payments.

Network International's offerings include a corporate executive card providing controls and benefits, a virtual card for zero-fee domestic and cross-border payments, and a digital travel payments solution, reducing costs for travel firms.

The launch follows Network International receiving stored value facility licensing from the UAE's central bank, allowing prepaid card and wallet capabilities. In addition to business payments, this expands the company's partnerships and customer support.

Nandan Mer, Group CEO of Network International, said: “By making progressive inroads into digitisation of commercial payments, Network continues to contribute towards the UAE’s aspirations for a cashless economy.”

J.K. Khalil, Division President, East Arabia, Mastercard, stated: “Building on our shared commitment to driving digitisation and innovation, we are embedding Mastercard’s digital payment expertise, expense management and card technologies into the new Commercial Card Programme.”