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."
Abu Dhabi hotels generate AED 611 million in March revenue
Abu Dhabi plans next big business hub
World Bank cuts global growth forecast as trade tensions heighten uncertainty
Meraas unveils Jumeirah Residences Emirates Towers
US and China set for trade talks in London
