Eazy Financial Services (EazyPay) has partnered with Mastercard to introduce Mastercard Receivables Manager in Bahrain, becoming the first acquirer in the market to adopt this innovative virtual card payment processing solution for businesses.
Mastercard Receivables Manager automates business-to-business (B2B) virtual card receivables, eliminating manual processes to boost efficiency, improve working capital, and enhance cash flow management. The customizable platform requires minimal integration without API implementation and seamlessly processes virtual card payments, delivering remittance data directly to merchants’ accounting systems.
With B2B virtual card spending projected to exceed $14 trillion by 2029, the solution meets growing business demand for digital payment tools that streamline receivables and strengthen financial operations.
Nayef Tawfeeq Al Alawi, Founder, Managing Director, and CEO of EazyPay, stated, “This partnership empowers us to enhance the B2B payments ecosystem in Bahrain by simplifying operations and elevating the customer experience through virtual cards.”
Saud Swar, Mastercard Country Manager for Saudi Arabia, Bahrain, Jordan, and the Levant, added, “We are excited to collaborate with EazyPay to bring this transformative solution to Bahrain, supporting efficient payment processing amid rapid growth in B2B transactions expected to exceed $213 trillion globally by 2032.”
