Mastercard and AFS Launch Corporate Cards in UAE and Egypt
Mastercard has partnered with AFS to launch integrated corporate credit and prepaid cards in the UAE and Egypt. This initiative leverages AFS's Pro mobile platform to facilitate corporate payments in these growing markets.
The introduction of these cards aims to streamline financial management for businesses in the region, providing them with enhanced flexibility and control over their corporate expenses. With rising demand for digital payment solutions, especially in emerging markets, this partnership positions Mastercard and AFS to capture a significant share of the corporate spending market in the Gulf and North Africa.
Key takeaways
- ▸Mastercard and AFS have introduced corporate credit and prepaid cards in the UAE and Egypt.
- ▸The cards are delivered via AFS's Pro mobile platform, enhancing digital payment options for businesses.
- ▸This launch targets corporate spending needs in growing North African and Gulf markets.
Why this matters
This partnership allows Mastercard to strengthen its foothold in emerging markets by tapping into the increasing demand for corporate payment solutions. AFS benefits from aligning with a global player while enhancing its offerings. Businesses in the UAE and Egypt now gain access to tailored financial tools, improving expense management and potentially accelerating growth in the region.