DUBAI — Mashreq has launched Visa Commercial Pay on Mobile (VCP Mobile), a virtual card payment platform designed to enable businesses and corporate clients in the UAE to manage payments more efficiently through a secure, mobile-first solution. The launch reflects growing demand for real-time, digital payment tools that support modern business operations and working capital management.
The VCP Mobile platform leverages Visa’s global payments network to enable instant virtual card issuance, advanced spend controls, and seamless mobile integration. The solution allows businesses to streamline vendor payments, improve transparency, and enhance liquidity management while reducing reliance on traditional payment processes. The platform is also available to customers of Mashreq’s NEO BIZ digital business banking platform, expanding functionality for SMEs and corporate users.
The solution addresses multiple business use cases, including eliminating petty cash requirements, enabling fleet and fuel expense management for logistics operators, and supporting corporate travel and entertainment spending through a single interface. Integrated within Mashreq’s broader transaction banking ecosystem, the platform strengthens the bank’s working capital and cash management offering.
The launch highlights ongoing innovation within the region’s financial services sector, where banks are increasingly deploying virtual card and mobile-based payment solutions to support digital transformation among enterprises. As businesses seek greater control, security, and visibility over payment flows, digital payment infrastructure continues to evolve toward more automated and real-time financial management tools.
Mashreq said the introduction of VCP Mobile aligns with its strategy to deliver future-ready financial solutions while supporting the UAE’s rapidly expanding digital economy and enabling businesses to modernise their payment operations in a scalable and secure manner.
