UAE-based fintech KamelPay has launched AbsoluteCard, a comprehensive corporate payments ecosystem designed to help businesses manage, control, and reconcile their spending. The new platform integrates a web portal, a mobile app, and a corporate card powered by the Mastercard network and sponsored by Mawarid Finance.
Quick Facts
- New corporate payments platform for UAE businesses.
- Powered by Mastercard and sponsored by Mawarid Finance.
- Addresses new corporate tax and e-invoicing compliance needs.
Meeting New Regulatory Demands
The launch arrives as businesses across the UAE adapt to a more regulated financial environment. With the recent introduction of corporate tax and upcoming E-invoicing requirements, the need for precise tracking and reporting of every business expense has become critical. AbsoluteCard is designed to address these pressures by giving finance leaders real-time visibility and control within a single, connected system.
“The UAE stands as one of the world’s most inspiring examples of how innovation, ambition and disciplined execution can shape the future of financial services,” said Hussain AlQemzi, Chairman of KamelPay. “AbsoluteCard reflects that commitment, helping companies operate with greater confidence, control and clarity.”
Control and Visibility for Finance Teams
The platform provides businesses with a practical set of tools for daily corporate spending. Companies can issue cards instantly, establish precise budgets, assign role-based access to different teams, and monitor all transactions in real time.
The system also supports the instant issuance of multiple virtual IBANs, enabling companies to segregate funds for different entities or projects. A centralized sign-off portal consolidates approvals and oversight, while real-time fund loading allows teams to allocate budgets as needed. By automating these functions, AbsoluteCard aims to reduce manual administrative work and provide finance teams with more confidence in how company funds are being utilized.
“AbsoluteCard is the result of a shared belief that corporate payments in this region deserve better tools, not just digital versions of old processes,” added Ehsan Rahman, Co-founder and CEO of KamelPay. “It puts genuine control and visibility in the hands of finance teams.”
A Plug-In Solution for Financial Institutions
Beyond serving businesses directly, KamelPay has positioned AbsoluteCard as a ready-to-use offering for banks, exchange houses, and other financial institutions. These partners can extend the platform to their own corporate clients without the need to build new infrastructure, creating a scalable distribution model for institutional partners.
About KamelPay
KamelPay is a UAE-based fintech focused on providing payment services for businesses and their underbanked workforce across the UAE. Its products include PayD, a WPS-compliant payroll and Universal Account solution, and AbsoluteCard, a complete corporate payments ecosystem. KamelPay works with employers, banks and financial institutions to simplify how businesses spend and manage money.
Source: Zawya
