Mastercard and First Abu Dhabi Bank (FAB) launched a mobile-first virtual card solution for businesses. FAB is the largest bank in the United Arab Emirates. This initiative marks the first of its kind in the Eastern Europe, Middle East, and Africa (EEMEA) region.
The solution allows organizations to issue and manage virtual corporate cards. These cards integrate directly into digital wallets.
The platform modernizes corporate payments by improving efficiency, transparency, and control over company spending. It specifically targets enterprises and government entities.
This launch addresses the growing demand for secure, contactless, and digital payment methods. The partnership aims to set a new standard for business payments across the region.