Could This Be the End of Traditional Expense Management?
Emirates NBD is stepping into the future of payments by becoming the first UAE bank to roll out the new Visa Commercial Pay-Mobile Module for its SME and Corporate clients. This pioneering initiative, developed in collaboration with Visa, supports the UAE Government’s vision to digitalise payments and offers a unique edge to Emirates NBD’s customers. By leveraging tokenised credentials, the solution ensures enhanced security, streamlined automation, and smoother reconciliation.
What’s New?
The Visa Commercial Pay-Mobile Module is designed specifically for businesses of all sizes. Imagine your employees managing expenses effortlessly using Visa virtual cards right from their mobile devices, whether through Apple Pay, Google Pay, or other digital wallets. This isn’t just an extension of traditional virtual cards—it’s a leap forward, enabling secure in-store payments alongside online transactions. This means enhanced real-time controls, better expense management, and a more efficient way to handle corporate payments.
Insights from the Leaders
Deepak Chandran, Group Head of Retail Products at Emirates NBD, expressed his excitement:
"We are proud to partner with Visa to launch the Visa Commercial Pay–Mobile solution, extending our suite of innovative payment solutions for our SME and Corporate clients. This collaboration underscores our continued commitment to empower businesses with cutting-edge financial tools. We are confident that our new value proposition will provide our customers with increased flexibility and control for their online and offline corporate payments.”
Adding to this, Salima Gutieva, Visa’s Vice President and UAE Country Manager, highlighted the broader impact of this partnership:
"Our partnership with Emirates NBD reflects our commitment to fostering innovation in the payments and financial sector. The introduction of Visa Commercial Pay-Mobile with Emirates NBD—a first in the UAE—offers businesses a more efficient and secure way to manage their payments and expenses. As we progress, we remain dedicated to working closely with Emirates NBD to further tailor our solutions to support the digital transformation of local businesses and the growing needs of the UAE’s digital economy.”
Why It Matters
With the increasing pressure to automate and digitise B2B payments, this collaboration is set to revolutionise how businesses handle transactions. By integrating secure tokenised solutions and providing key real-time insights, the new system not only drives working capital benefits but also aids in effective business planning and decision-making.
In summary, Emirates NBD and Visa are paving the way for a new era of payment solutions that combine security, convenience, and efficiency, empowering businesses to stay ahead in a rapidly evolving digital landscape.
