FAB, Mastercard launch mobile virtual card solution in UAE
New mobile-first payment platform aims to modernize corporate transactions and strengthen digital, secure spending for UAE businesses
ABU DHABI, UAE (MNTV) — First Abu Dhabi Bank (FAB) and global payments firm Mastercard have introduced a mobile-first virtual card number solution for businesses, marking the first such rollout across the Europe, Eastern Europe, Middle East and Africa (EEMEA) region.
The new platform, Fintech reported, is designed to address growing demand among corporates and government entities for secure, digital, and contactless payment options, as organizations increasingly shift toward mobile-based financial tools.
Through Mastercard’s proprietary mobile virtual card technology, the initiative enables companies to streamline payment processes such as expense management and accounts payable, while improving cash flow visibility and operational efficiency.
FAB said the launch aligns with its broader digital transformation strategy, allowing organizations to issue and manage virtual corporate cards that integrate directly with digital wallets.
The bank said the approach enhances transparency and control over business spending, while supporting national goals for technology-driven and secure financial systems.
Mastercard, meanwhile, said the solution expands its business-to-business payments portfolio by allowing companies to generate virtual cards instantly for both online and in-store use.
Centralized controls give finance teams real-time oversight of spending and consolidated expense data to support informed decision-making.
The partnership also reflects accelerating digital payment adoption in the U.A.E., with research cited in the announcement showing nearly half of local companies investing in mobile B2B payment technologies. By enabling virtual commercial cards within mobile wallets, the two firms aim to set a new standard for corporate payments.
Both FAB and Mastercard said the collaboration combines regional banking expertise with global payments infrastructure, positioning the solution to support business growth across the U.A.E. and potentially beyond.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
