Mashreq Launches Visa Commercial Pay on Mobile to Revolutionize Corporate Payments in UAE

Mashreq,  a leading financial institution in the MENA region, has launched Visa Commercial Pay on Mobile (VCP Mobile), a next-generation virtual card payment solution for business and corporate clients in the UAE. The platform leverages Visa’s global payment network to enable real-time virtual card issuance, advanced spend controls, and seamless mobile integration, helping businesses streamline vendor payments and manage liquidity securely.

VCP Mobile is available to Mashreq’s NEO BIZ customers, further enhancing the bank’s corporate offerings and reinforcing its position as a digital leader in the financial sector. The solution addresses a growing need for secure, transparent, and real-time digital payment methods, enabling use cases such as replacing petty cash, managing fleet and fuel expenses for logistics companies, and handling corporate travel and entertainment spending—all via a single mobile interface.

Integrated into Mashreq’s broader transaction banking suite, VCP Mobile supports working capital and cash management, allowing corporate clients to modernize their payment operations and optimize liquidity in a secure, scalable way. The platform aligns with Mashreq’s mission to deliver future-ready solutions that empower corporate clients to take full control of their financial operations in today’s digitally connected environment.

Visa has expressed support for the launch, highlighting the platform’s role in driving innovation across B2B payment flows and meeting the UAE’s growing demand for secure, transparent, and fast business payment solutions.