Mawarid Finance and KamelPay have launched AbsoluteCard, a corporate payment solution designed to help UAE businesses manage expenses digitally.
Powered by Mastercard and issued by Mawarid Finance, the card gives organisations real-time visibility and control over business spending. The launch also expands KamelPay’s focus beyond workforce payments and salary processing into broader corporate expense management.
KamelPay said its PayD ecosystem currently serves more than 1,600 corporate clients across the UAE. The company’s new offering is intended to streamline corporate payment processes while improving transparency and oversight.
Rashid Al Qubaisi, CEO of Mawarid Finance, said the partnership aims to simplify corporate financial management through secure and scalable payment tools. KamelPay co-founder and CEO Ehsan Rahman said the company’s workforce payments business has evolved into a broader range of financial products for organisations.
Source: Fintech News UAE
