Visa, Emaar Properties PJSC, and Mashreq announced partnership to optimize B2B payments through an integrated payables solution using Visa and Mashreq virtual cards. Launched in 2021, Visa's virtual card solution allows Emaar to make digital B2B payments directly through ERP integration via API connectivity. This system automates payments to card-accepting suppliers, enhancing efficiency and eliminating manual reconciliation.
Emaar's Ahmed Al Matrooshi emphasizes the partnership's role in boosting operational efficiency and supplier relations. Visa's Salima Gutieva and Mashreq's Kartik Taneja highlight the collaboration's importance in providing secure, innovative solutions to meet evolving commercial payment needs.
Source: IBS Intelligence
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