First Abu Dhabi Bank (FAB) has partnered with Mastercard to launch a mobile-first virtual corporate card solution for businesses in the UAE, as demand grows for faster and more digital B2B payment tools, according to FF News.
The new offering allows companies and government entities to issue virtual corporate cards instantly and provision them directly into mobile wallets, removing the need for physical cards. The cards can be used for both online and in-store payments across Mastercard’s acceptance network, supporting contactless transactions and real-time spend management.
For corporates, the key benefit is control. Virtual cards can be created for specific employees, use cases, or suppliers, with predefined limits and rules, helping finance teams improve oversight, reduce manual reconciliation, and streamline expense management.
The launch reflects a broader shift in the UAE toward digital-first payments beyond the consumer space. As businesses modernise procurement and expense workflows, banks and payment networks are increasingly focusing on virtual and embedded payment solutions.
For FAB, the partnership strengthens its digital payments portfolio, while for Mastercard it underlines the strategic importance of corporate and B2B payments as a growth area in the region.