Mastercard collaborates with AFS to launch corporate credit and prepaid cards in UAE and Egypt

According to Bahrain This Week, Mastercard has entered into a strategic collaboration with Arab Financial Services (AFS), a prominent digital payment solutions provider in the Middle East and Africa. The partnership is set to introduce a new suite of corporate credit and prepaid cards specifically designed for the markets in the United Arab Emirates and Egypt.

These new financial products are integrated with the AFS Pro mobile application, which the companies describe as a comprehensive business payments ecosystem. The initiative aims to provide regional businesses with more efficient tools to manage corporate expenses, streamline payment processes, and improve financial oversight through a digital-first interface.

This collaboration reflects a broader trend in the Middle East's fintech sector, where traditional payment giants are increasingly partnering with regional enablers to capture the growing demand for digital business solutions. By leveraging AFS's local infrastructure and Mastercard's global payment network, the companies intend to offer a more localized and integrated experience for corporate clients in the UAE and Egypt.

While the announcement focuses on the immediate launch of these card products, the integration with the AFS Pro platform suggests a long-term strategy to digitize corporate financial workflows in the region. Further details regarding the specific rollout schedule and eligibility criteria for businesses in these markets are expected to be provided by the respective companies as the implementation phase progresses.