Paymentology, a global issuer processor based in the UK, has partnered with Mamo, a financial technology company based in the UAE, to provide enhanced services for SMEs in the UAE.
The collaboration will expand Mamo’s existing card program, adding credit card options alongside debit cards, multi-currency functionality, cashback benefits of up to 2%, and improved expense management tools.
Mamo was co-founded in 2019 by Asim Janjua and Imad Gharazeddine, both former Google executives.
The platform aims to address the banking challenges faced by SMEs in the Middle East, offering a consolidated solution for payment collection, corporate cards, and expense management.
This enables businesses to streamline their financial operations, avoiding the need for multiple service providers.
The partnership with Paymentology brings scalable and flexible payments technology to the platform, enhancing the overall customer experience.
SMEs will gain access to real-time reporting, virtual and physical corporate cards for vendor payments, and dedicated support.
These tools aim to simplify payment processes, improve conversion rates, and provide quicker access to revenue.
Imad Gharazeddine, co-founder and CEO of Mamo, noted:
“Traditional banking solutions often don’t meet the needs of SMEs, leading many to consider switching providers. Our partnership with Paymentology addresses these gaps by offering faster, more reliable payment options and simplifying expense management for businesses.”
Jeff Parker, CEO of Paymentology, added:
“This collaboration with Mamo is about delivering tailored solutions to improve the customer experience. We are excited to offer virtual Visa cards and other tools to help SMEs manage their finances more effectively.”
The Mamo-Paymentology partnership aims to support SMEs by improving financial inclusion and fostering a more inclusive environment for entrepreneurship in the UAE.
To further assist businesses, Mamo is also running a cashback campaign offering 8% cashback on non-AED corporate spending, aimed at reducing costs for digital advertising, travel, and software subscriptions.
Featured image credit: edited from freepik
