EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
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Al Bawaba
5 days ago
- Al Bawaba
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems.'EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,' said Nayef Tawfeeq Al Alawi, founder, managing director and CEO, EazyPay.'At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape,' said Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
Al Bawaba
20-07-2025
- Al Bawaba
'Design Your Future' Campaign Announces Seef Mall – Seef District as the Official Venue Partner for the 9th Annual Business Quiz Show Competition
Design Your Future (DYF) Campaign today announced Seef Mall – Seef District as the official venue partner for the 9th edition of the Annual Business Quiz Show Competition, scheduled to launch on August 24, 2025. This announcement coincides with the launch of the second season of the DYF Campaign in April 2025, held in strategic partnership with Mastercard, the Knowledge Partner for this edition. The campaign aims to support and encourage high school graduates, university students, and vocational training participants to take a more proactive and informed approach to designing their future. The 9th Annual Business Quiz Show Competition is one of the key initiatives under the DYF Campaign, aligned with its core objective of developing and showcasing national talent and Bahraini competencies across vital sectors in the Kingdom. As in previous editions, participating companies will engage in a series of challenges designed to test their knowledge and skills in sectors critical to Bahrain's positioning as a leading regional hub for business. This year's competition will span four evenings and will feature university students embedded within corporate teams, offering them hands-on exposure to leadership talent and team collaboration in a highly engaging and competitive environment. The competition will include three sector-focused evenings, with four teams from each sector competing against one another. Participants will be tested on their understanding of the national economy and relevant sectors through dynamic, interactive challenges. The evenings will focus on the following sectors: Banking & Finance, Fintech, Insurance, Industry, and Services. Winners from each sector will advance to the Grand Finale, scheduled for August 28, 2025. Commenting on the partnership, Mr. Ahmed Yusuf, CEO of Seef Properties, stated: 'We are proud to renew our partnership with the Annual Business Quiz Show Competition and support this impactful initiative that continues to elevate Bahrain's competitive business environment. Seef Mall – Seef District is pleased to host this important event, reinforcing our commitment to empowering the next generation of leaders and supporting their journey toward a successful future. We look forward to welcoming participants, professionals, and visitors from across the business community.' Ms. Zahraa Taher, Chairperson of the DYF Advisory Committee, added: 'We are delighted to renew our partnership with Seef Mall – Seef District for this year's edition of the Business Sector Competition. This platform provides university students with a unique opportunity to engage with top Bahraini professionals in a dynamic and real-world setting. We anticipate another exciting season filled with enriching challenges that highlight local talent and create a space for youth excellence to shine.' The DYF Campaign is supported academically by Knowledge Partner Mastercard, along with the backing of Advisory Committee members from the Higher Education Council, INJAZ Bahrain, Tamkeen, Lamea, and certified trainers in career coaching and skills development. This collaborative support enhances the overall impact of the campaign, guiding participants toward future career paths that match their ambitions and meet labor market demands.
Al Bawaba
15-07-2025
- Al Bawaba
Inovat wins FAB forward Fintech Challenge, run by First Abu Dhabi Bank and Mastercard
'Inovat', a digital solution that offers a seamless, fully digital value-added tax (VAT) refund experience for travellers to save them money on shopping abroad, has emerged as the winner of the second edition of the FAB forward Fintech Challenge. This collaborative initiative between Mastercard and First Abu Dhabi Bank (FAB) aims to foster fintech innovation in the the tagline 'Drive the future of banking', the competition invited later-stage fintech startups to submit their pioneering solutions to pressing financial challenges across three categories – 'Hyper-personalized Experiences', 'Blockchain-Powered Business' and 'Beyond Banking'. The competition witnessed a strong uptake with over 135 entries received.A panel of experts from Mastercard and FAB evaluated the submissions based on innovation and novelty, market potential, business model and revenue potential, product fit, growth strategy, financial health as well as team and execution. Five selected finalists – Inovat, Crayon Data, Fiskl, Nuclei and Uome – presented their ideas at a pitch day. 'Inovat' was adjudged winner for its innovative fully digital solution that tackles a real traveller pain point through strategic collaboration with banks and airlines. Their solution not only saves customers money abroad but could also enhance FAB's digital engagement winner was announced at an award ceremony hosted at the FAB headquarters in Abu winner, 'Inovat' received a host of benefits, including the opportunity to work on a proof of concept with FAB, exposure to banking leaders, venture capital and potential investment partners as well as a cash prize of $100, FAB forward Fintech Challenge is a core initiative of the long-term collaboration between First Abu Dhabi Bank (FAB) and Mastercard, reflecting a shared commitment to driving digital transformation and innovation in the UAE's financial sector. By bringing together FAB's deep regional expertise and Mastercard's global technology leadership, the programme provides fintech startups with access to mentorship, real-world validation, and opportunities to collaborate with leading financial institutions. With a focus on customer-centric innovation and next-generation financial services, the Challenge underscores the importance of collaboration between established industry leaders and emerging fintechs in building a more dynamic and inclusive digital economy for the UAE and beyond.
