Unified Platform Addresses Both Payables and Receivables

Mastercard has teamed up with Arab Financial Services (AFS) to launch integrated corporate credit and prepaid card solutions in the UAE and Egypt. The initiative, which begins in the UAE before expanding to Egypt, aims to accelerate business payments digitalisation in key growth markets.

Comprehensive Payment Management

The combined offering integrates Mastercard’s global network with AFS’s regional expertise through the AFS Pro mobile application. Finance teams can now:

• Issue and manage corporate cards with per-card spending controls
• Track transactions in real time for improved oversight
• Automate expense reconciliation processes
• Accept contactless payments via SoftPOS functionality on smartphones
• Facilitate remote and e-commerce transactions through Pay-by-Link

Strategic Implications

The platform’s ability to manage both payables and receivables within a single application reduces reliance on disparate systems, offering businesses greater efficiency and control over their finances. For AFS, this positions them as a comprehensive digital payments provider capable of supporting the entire business payment lifecycle.

Dr Samer Soliman, CEO of AFS, noted that the partnership represents “a major win for businesses in the UAE and Egypt” by improving both operational efficiency and financial oversight.

The move aligns with broader regional trends toward greater financial digitalisation, supported by government initiatives across Saudi Arabia, the UAE, and Egypt. By offering a rapid-deployment solution for banks seeking to expand their business payments offerings, AFS is tapping into the growing demand for banking-as-a-service models in the Gulf region.