KamelPay has launched an integrated corporate payments platform for businesses in the UAE.

Called AbsoluteCard, the product helps businesses manage the increased administrative requirements brought on by the country’s recent introduction of corporate tax and e-invoicing.

Available through a web portal and mobile app, the solution includes a corporate card powered by the Mastercard network.

Mawarid Finance sponsors the card. Companies can use the system to issue physical and virtual cards instantly, set specific budgets, and monitor transactions in real time.

AbsoluteCard also supports the instant issuance of multiple virtual IBANs. This feature enables businesses to separate funds across different entities and projects for clearer oversight.

A single sign-off portal centralises approvals, while real-time fund loading permits teams to allocate budgets as needed.

By replacing manual administrative workflows, the platform aims to reduce the time finance teams spend reconciling transactions.

“AbsoluteCard is the result of a shared belief that corporate payments in this region deserve better tools, not just digital versions of old processes,”

said Ehsan Rahman, Co-founder and CEO of KamelPay.

“It puts genuine control and visibility in the hands of finance teams and gives banks and financial institutions a product they can offer their own clients with no infrastructure to build.”

As a technology provider, KamelPay built the platform as a plug-in offering for banks, exchange houses, and other financial institutions.

These partners can distribute the spend management tool to their institutional clients without building new infrastructure, offering a scalable distribution model for the next phase of business payments across the GCC.

Featured image credit: Edited by Fintech News UAE, based on image by KamelPay