Network International and Mastercard have teamed up to launch new Business Payment Solutions tailored for businesses, corporations, and travel industry entities in the UAE.
These solutions leverage Mastercard’s expertise in digital payments, encompassing card offerings, expense management, and virtual card innovations. They enable Network International’s commercial clients in the UAE to digitize business expenses, streamline payables and receivables processes, enhance payment security, and optimize cash flow.
The initiative aims to enhance visibility and efficiency in commercial payment flows, simplifying transactions across various categories such as daily expenses, supplier payments, travel expenses, and other business-to-business transactions.
Nandan Mer, Group CEO of Network International, expressed, “Through the introduction of these new Business Payment Solutions, Network International aims to unlock growth opportunities for businesses and corporations in the UAE, contributing to the country’s journey towards a cashless economy.”
J.K. Khalil, Division President, East Arabia, Mastercard, commented, “We are pleased to deepen our partnership with Network International to support commercial customers in the UAE. By integrating Mastercard’s digital payment expertise and card technologies into the new Commercial Card Program, we aim to facilitate faster and more secure payments, thereby enhancing liquidity and operational efficiency.”
As part of the program, Network will offer a range of commercial payment solutions designed for merchants and businesses of all sizes, including:
- The Corporate Executive Card, which provides robust expense management capabilities and controls.
- The Incontrol Digital Business Payments virtual card for domestic and cross-border transactions, featuring the UAE’s first net-zero foreign transaction fees.
- The Mastercard Wholesale Program Digital Travel Payments, designed to streamline B2B travel payment transactions for the travel industry, reducing costs through innovative pricing models and leveraging Mastercard’s virtual card technology.
