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ABU DHABI / WAM
First Abu Dhabi Bank (FAB) has announced it signed a five-year strategic partnership deal with Mastercard
for the enablement of commercial cards and payments solutions.
The move aims to simplify business-to-business (B2B) payments for companies in the UAE, making them more seamless, secure and convenient.
Mastercard’s commercial cards and payment platforms will be made available to FAB customers, along with an
extensive range of product benefits addressing the needs of businesses and their employees.
Under this partnership, customers can benefit from Mastercard’s In Control solution, an exclusive platform that helps large corporates to streamline their card payments and enhance their cashflow, while ensuring the most advanced security. Along with comprehensive and sophisticated reporting capabilities, the service offers businesses better access to data and analytics.
FAB will also launch the Mastercard Purchase Card, which will provide smart data and virtual card capabilities enabling commercial and government payments.