Mastercard and Arab Financial Services (AFS), the Middle East and Africa’s leading digital payment solutions provider and fintech enabler, have joined forces to introduce corporate credit and prepaid cards, integrated with the AFS Pro mobile app, in the UAE and Egypt.
Beyond offering business cards, AFS Pro delivers a holistic business payments ecosystem, enabling companies not only to manage spending but also to accept, track and optimize incoming payments through a single unified platform.
Together, the two companies will create a seamless, end-to-end proposition that simplifies day-to-day financial operations and supports smarter business decision-making.
Through the collaboration, businesses will gain access to AFS Pro’s advanced digital features while benefiting from the global acceptance, security and value-added services associated with Mastercard’s extensive portfolio of payment solutions.
Using the app, companies will be able to issue and manage corporate cards, set spending controls, monitor transactions in real time and streamline expense management through a single digital platform.
In addition, AFS Pro empowers businesses with integrated payment acceptance capabilities, offering a comprehensive suite of tools designed to enhance merchant operations and streamline payment experiences. These include SoftPOS (Tap-to-Phone), enabling merchants to accept contactless payments directly on their smartphones, and Pay-by-Link functionality for secure remote and e-commerce transactions.
Merchants will also gain visibility to real-time POS transactions, along with business dashboards that provide actionable insights into sales performance and business trends. The app also includes comprehensive merchant servicing and reporting tools designed to simplify reconciliation processes, support business analytics, and improve overall operational efficiency.
This unified approach allows businesses to manage both payables and receivables within one app, reducing fragmentation and improving financial visibility across the entire payment lifecycle. This will help finance teams reduce manual processes.
Financial institutions will be able to meet the growing demand from their business customers with a ready-to-deploy business payments solution that combines business card programmes and payment acceptance with enhanced transparency and reporting. The platform is designed to be deployed rapidly, with minimal integration complexity, enabling banks and financial institutions to bring a differentiated business payments proposition to market without extensive internal development investment.
Set for initial rollout in the UAE, followed by Egypt, the integrated offering is designed to assist businesses in digitizing their financial operations, improving oversight and adapting to the evolving payment needs in the region. The collaboration represents a next-generation fintech model that bridges issuing and acquiring capabilities through a single, scalable digital platform.
