EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Mastercard 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.
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Home » Emerging technologies » Fintech » EazyPay Launches Mastercard Receivables Manager in Bahrain Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. The move makes EazyPay the first acquirer in the country to adopt the innovative solution. The Mastercard Receivables Manager is designed to enhance virtual card payment processing for businesses. It enables EazyPay to help merchants automate their B2B virtual card receivables. The platform eliminates manual processes, improving efficiency, working capital, and cash flow. It requires minimal integration and no API implementation. The solution captures virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems. Nayef Tawfeeq Al Alawi, founder, managing director, and CEO of EazyPay, stated that the solution supports businesses with digital payment tools aimed at simplifying operations and improving customer experience. He added that as virtual cards gain popularity for supplier payments, Mastercard Receivables Manager allows EazyPay to strengthen the B2B payments ecosystem across major industries. Saud Swar, country manager at Mastercard for Saudi Arabia, Bahrain, Jordan, and the Levant, said the company is focused on providing services that help acquirers and merchants operate more efficiently. He noted that the Receivables Manager addresses a key challenge for suppliers handling high volumes of virtual card payments by automating processing, reducing time, and increasing efficiency. He also said Mastercard is proud to collaborate with EazyPay to introduce this solution to Bahrain's evolving business sector. Recent data shows the total value of B2B transactions is expected to surpass $213 trillion globally by 2032. B2B virtual card spend alone is forecasted to exceed $14 trillion by 2029. EazyPay is the first in Bahrain to launch the solution The tool automates B2B virtual card payment processing Global demand for digital payment efficiency is increasing The partnership reflects rising demand for digital solutions that automate receivables and enhance cash flow management.
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