KamelPay has launched an integrated corporate payments platform for businesses in the UAE, called AbsoluteCard, which combines a web portal, a mobile app, and a corporate card running on the Mastercard network.
The product is designed to help finance teams handle the additional administrative work created by the UAE’s recent introduction of corporate tax and e-invoicing requirements. The corporate card is sponsored by Mawarid Finance.
What AbsoluteCard offers
Businesses can use the platform to issue physical and virtual cards instantly, set specific budgets and monitor transactions in real time. AbsoluteCard also supports the instant issuance of multiple virtual IBANs, allowing companies to separate funds across different entities and projects for clearer financial oversight.
A single sign-off portal centralises approvals, while real-time fund loading lets teams allocate budgets as needed. KamelPay said the platform is designed to replace manual administrative workflows and reduce the time finance teams spend reconciling transactions.
Also, read Alaan Launches Embedded Business Account in UAE Through Partnership with ruya.
Built as a bank plug-in
KamelPay has built AbsoluteCard as a technology offering that banks, exchange houses, and other financial institutions can distribute to their clients without having to develop the underlying infrastructure themselves. The company positioned this as a distribution model for the next phase of business payments across the GCC, giving financial institutions a ready-made spend management product to offer institutional clients.
