When it comes to business-to-business (B2B) payments, every transaction is an adventure. That’s because B2B payments aren’t your straightforward stroll in the park. Unlike consumer payments, B2B transactions are characterized by their complexity. Large transaction values, detailed invoicing, and approval processes create a multilayered environment....
Mashreq has launched a new application programming interface (API)-enabled instant payment solution for its corporate and institutional clients in the United Arab Emirates (UAE). This new offering is integrated with the Central Bank of the UAE’s (CBUAE) Aani or Instant Payments Platform (IPP), facilitating low-value...
Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions are facilitated by UPI, and the account debit will occur in Indian rupees, with the terminals showing the currency exchange...
Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce an installment payment solution to the United Arab Emirates (UAE). The partnership aims to provide consumers with greater flexibility and convenience when making purchases, the companies said in a Thursday (Sept. 14) press release. The...
July 07, 2024
Emaar Properties PJSC, a real estate developer in the United Arab Emirates (UAE), has adopted a virtual card solution from Visa and Mashreq to facilitate the digitization and automation of its B2B payments. By adding this solution through a direct enterprise resource planning (ERP) system integration, Emaar will enhance its payment efficiencies and its working capital, the […]
July 02, 2024
Mashreq has launched a new application programming interface (API)-enabled instant payment solution for its corporate and institutional clients in the United Arab Emirates (UAE). This new offering is integrated with...
April 01, 2024
Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions are facilitated by UPI, and...
July 05, 2023
Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking clients can open bank accounts...
