Mawarid Finance has partnered with KamelPay to launch AbsoluteCard, a new corporate payment solution designed to help businesses manage spending more efficiently through enhanced control, real-time visibility, and a fully digital user experience.
Powered by Mastercard and issued by Mawarid Finance, AbsoluteCard represents the latest milestone in KamelPayโs growth journey and reinforces both organizationsโ commitment to supporting the UAEโs digital transformation agenda through innovative financial solutions.
Industry sources added that this launch follows KamelPayโs successful expansion from workforce payments and salary processing through its PayD ecosystem, which today serves more than 1,600 corporate clients across the UAE. Building on this foundation, AbsoluteCard has been developed to address the evolving needs of businesses seeking smarter and more transparent ways to manage corporate expenses.
Industry sources further confirmed that the solution provides organizations with greater control over business spending while improving operational efficiency through digital payment capabilities. By offering real-time transaction visibility and streamlined expense management, AbsoluteCard enables companies to strengthen financial oversight and simplify corporate payment processes.
The official launch event brought together business leaders, corporate clients, strategic partners, and industry stakeholders to celebrate the introduction of AbsoluteCard and explore the future of digital corporate payments in the UAE. The event provided attendees with an exclusive first look at the new solution while facilitating discussions around innovation, financial technology, and the growing demand for digital-first payment ecosystems.
Mr. Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said: โAt Mawarid Finance, we remain committed to delivering innovative financial solutions that empower businesses and contribute to the UAEโs rapidly evolving digital economy. Our collaboration with KamelPay reflects a shared vision of simplifying corporate financial management through secure, scalable, and technology-driven payment solutions. AbsoluteCard represents an important step forward in helping businesses gain greater visibility, control, and efficiency in managing their corporate expenses.โ
Mr. Ehsan Rahman, Co-founder & CEO of KamelPay, added: โAbsoluteCard marks an important milestone in our journey to redefine how businesses manage payments and expenses. What began with workforce payment solutions has evolved into a broader vision of supporting organizations through innovative financial products. With the support of Mawarid Finance and Mastercard, we are providing businesses with a smarter and more efficient way to manage corporate spending while enhancing transparency and control.โ
Industry sources further added that as demand for digital financial services continues to grow across the UAE, the launch of AbsoluteCard further strengthens the regionโs corporate payments ecosystem and highlights the role of strategic partnerships in driving innovation, efficiency, and financial transformation.
