Visa, Emaar Properties, and Mashreq have partnered to transform B2B payments with an integrated payables solution using Visa and Mashreq's virtual card technology.

Launched in 2021, Visa’s virtual card solution integrates seamlessly into ERPs via API connectivity, enabling Emaar to digitize their B2B payments and streamline traditional payment processes. Emaar can now use virtual cards to pay suppliers, enhancing automation and enabling seamless reconciliation without manual intervention.

This partnership between Mashreq and Visa highlights their joint commitment to enhancing client experiences through streamlined integration of B2B payables processes. The Visa Virtual Card solutions deployed are designed to be cost-effective, reliable, and secure, utilizing API integration to maximize operational efficiency. By revolutionizing B2B payments, this collaboration aims to optimize working capital management, facilitate transparent reconciliation, and provide valuable insights for strategic decision-making.