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Stock impact report

FAB and Mastercard launch mobile VCN solution in UAE for businesses [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The launch represents a step forward in the corporate payments' modernisation, responding to the increasing demand for digital and contactless payment methods. Mastercard's VCN solution is designed to help businesses enhance cash flow, streamline expense management, and improve accounts payable processes. With this solution, FAB enables enterprises and government entities in issuing and managing virtual corporate cards that can be added to digital wallets. The integration is intended to enhance operational efficiency, increase transparency and control over corporate expenditure, and support the UAE's broader transition towards secure, sustainable, and technology-driven financial systems. As businesses in the UAE navigate a digitising landscape, mobile virtual cards offer an end-to-end solution that addresses modern payment challenges. Companies can generate virtual cards instantly and use them for online as well as in-store transactions through mobile wallets. This works Show less Read more
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