Network International launches Business Payment Solutions with Mastercard

By Gloria Methri

Network International has partnered with Mastercard to roll out new Business Payments Solutions for businesses, corporations, and travel industry companies in the UAE.

The new solutions will enable Network International to tap into Mastercard’s digital payment expertise, including card offerings, expense management and virtual card innovations, enabling Network International’s commercial clients in UAE to digitize business expenses, streamline company payables and receivables processes, enhance payment security and improve cash flow.

The new program aims to deliver better visibility and efficiency in commercial payment flows, simplifying transactions across various spend categories, from day-to-day expenses and supplier payments to managing travel expenses and other business-to-business transactions.

Nandan Mer, Group CEO of Network International, said, “By launching the new Business Payment Solutions for the first time, Network aims to unlock further growth opportunities for businesses and corporations in the UAE. By making progressive inroads into the digitisation of commercial payments, Network continues to contribute to the UAE’s aspirations for a cashless economy.”

J.K. Khalil, Division President, East Arabia, Mastercard, added, “We are delighted to strengthen our long-standing collaboration with Network to support commercial customers in the UAE. We are embedding Mastercard’s digital payment expertise, expense management and card technologies into the new Commercial Card Program. By combining our capabilities and reach, more companies across UAE will be able to pay and get paid quickly and securely, boosting liquidity and removing friction from the system.”

As part of the Program, Network will offer a range of commercial payment solutions targeted at merchants and general businesses with a variety of applications and use cases:

The Corporate Executive Card will provide businesses of all sizes with a range of benefits and robust controls for expense management.

The Incontrol Digital Business Payments virtual card for domestic and cross-border payments will offer the first-ever net-zero foreign transactions in the UAE.

Meanwhile, the Mastercard Wholesale Program Digital Travel Payments will help travel industry customers secure, streamline, and automate B2B travel payment transactions. The solution is designed to reduce the costs for travel businesses’ payments through an innovative pricing model and efficiency through Mastercard’s virtual card technology.