FAB, Mastercard to enhance commercial payments for UAE businesses

File Picture

First Abu Dhabi Bank (FAB) has a 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.

Ramana Kumar, EVP and Head of Payments and Digital, PBG, FAB, said, "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."

Girish Nanda, Country Manager, UAE & Pakistan, Mastercard, said, "First Abu Dhabi Bank has long been a strategic partner of Mastercard in the UAE. Today, we mark a new milestone in this relationship as we expand our solutions and commitment to UAE businesses, supporting them in their digital transformation journeys."

More from Business News

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

Blogs