Mashreq has launched Visa Commercial Pay on Mobile (VCP Mobile), a next-generation virtual card payment solution for business and corporate clients in the UAE.
The VCP Mobile platform utilizes Visa’s global payment network to provide real-time virtual card issuance, enhanced spend controls, and seamless mobile integration, enabling businesses to simplify vendor payments and securely manage liquidity.
VCP Mobile is also accessible to Mashreq’s NEO BIZ customers, enriching the bank’s corporate offerings and reinforcing its position as a digital leader in the financial sector.
Salima Gutieva, Visa’s VP and Country Manager for the UAE, said that, “We are excited to support Mashreq in launching VCP Mobile. Solutions such as VCP Mobile are critical in driving innovation across B2B payment flows and delivering the transparency, security, and speed businesses demand.”
Mashreq VCP Mobile: Simplifying Digital Payments for UAE Businesses
VCP Mobile addresses the growing need for secure, transparent, and real-time digital payment solutions, enabling several use cases, such as removing the need for petty cash,enabling fleet and fuel management for freight and logistics companies, and managing corporate and business travel and entertainment spends, all through a single intuitive mobile interface.
The VCP Mobile platform allows Mashreq’s corporate clients to modernize their payment operations and optimize working capital in a secure, scalable way, supporting the bank’s mission to empower its corporate clients with future-ready financial tools.
As part of Mashreq’s continued commitment to empowering small- to medium-sized enterprises (SMEs), VCP Mobile will also be available to customers of NEO BIZ, the bank’s award-winning digital business banking platform.
Source: gccbusinessnews