Integrated Platform Streamlines Corporate Payments
Mastercard has partnered with Arab Financial Services (AFS) to launch a comprehensive corporate payment solution in the United Arab Emirates (UAE) and Egypt. The integrated offering combines card issuance, expense management, and payment acceptance capabilities into a single mobile application—AFS Pro.
The partnership reflects growing demand for digital business-to-business payments across the Middle East and Africa. Finance teams can now issue virtual and physical corporate cards with customizable spending controls, track transactions in real time, automate expense reconciliation, and even accept payments from customers through the same platform.
Key Features of AFS Pro:
- Unified Payments: Manage both payables (corporate card expenses) and receivables (customer payments)
- Virtual Card Issuance: Create digital cards instantly with customizable limits and controls
- Expense Management: Automated tracking, categorization, and reconciliation
- Contactless Acceptance: Built-in SoftPOS functionality for merchants to accept payments on smartphones
- Remote Payment Options: Pay-by-link feature for e-commerce and remote transactions
- Business Analytics: Sales performance dashboards with payment insights
The platform also offers a rapid deployment model for banks seeking to expand their business payment offerings without building complex infrastructure from scratch.
Market Context:
The Middle East is undergoing significant financial digitalization, driven by government initiatives and increasing adoption of digital payments. The UAE and Egypt have both prioritized these reforms as part of broader economic development plans. While corporate card markets are relatively mature in some regions, they remain underpenetrated in many parts of Africa—creating a substantial growth opportunity for integrated solutions like AFS Pro.
The partnership leverages Mastercard’s global payment network while extending AFS’s regional reach and distribution capabilities.