Dubai, UAE: Al Masraf has announced the launch of its Corporate World Mastercard®, a new credit card that allows businesses to effectively manage a full suite of corporate payment needs and commercial solutions by promoting enhanced financial control, savings, efficiency, and employee benefits.
An exciting new addition to the Bank’s comprehensive suite of Cash Management products, the payment solution delivers a wide range of innovative benefits that are complimented with unparalleled product offerings, as well as a dedicated service model to ensure best-in-class relationship management. The card also comes with consolidated e-statements of all spends, offering cardholders simplified reconciliation and enhanced reporting.
Commenting on the new product offering, Mr. Charles Doghlass, Chief Business Officer at Al Masraf said: “We are happy to have partnered with Mastercard to launch this innovative product for our corporate clients. Commercial payment solutions continue to be a key area of focus for Al Masraf. There are multiple benefits of cash displacement for all organizations, whether large corporations or SMEs, including convenience, increased security and significant cost savings. The card enables our clients to manage employee expenditure seamlessly and simplify the procure-to-pay process to facilitate business related payments with enhanced controls and visibility.”
Girish Nanda, Country Manager, UAE & Oman, Mastercard, said: “Now, more than ever, Commercial Cards Payments and Solutions are playing a vital role in driving commerce domestically and globally. Mastercard is committed to delivering new and innovative commercial payment solutions that empower business leaders and employees with the right tools to sustainably develop and run their organizations. We’re delighted to partner with Al Masraf on the launch of the Corporate World Mastercard and look forward to continuing our collaboration to make business related payments for their corporate clientele simple, secure and rewarding.”
The card provides an exclusive host of priceless offers and rewards, including complimentary airport lounge access in more than 1,000 lounges across 300 cities with LoungeKey, as well as unlimited free Marhaba Lounge access across the MENA region.
© Press Release 2020