Eazy Financial Services (EazyPay) has introduced Mastercard Receivables Manager in Bahrain, becoming the first acquirer in the country to adopt the solution.
The tool is designed to support businesses by streamlining virtual card payment processing.
Mastercard Receivables Manager allows EazyPay to help merchants automate their business-to-business (B2B) virtual card receivables.
The solution removes the need for manual handling, aiming to improve operational efficiency, working capital, and cash flow.
It requires minimal integration and no application programming interface (API) setup.
The platform captures virtual card payments, processes them end-to-end, and transmits remittance data directly into 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 of 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 for Saudi Arabia, Bahrain, Jordan and the Levant at Mastercard.
Featured image credit: Mastercard
