9 February 2016

Mashreq Bank launches Corporate Credit Card

Executives hold mockups of the new corporate credit card from Mashreq Bank.
Source: Mashreq Bank. Mashreq launches new corporate card for businesses.

Mashreq, a financial institution in the UAE, has launched a new premium credit card for corporates that can help to streamline business expense management, while offering more benefits to employees.

The new Mashreq Corporate Credit Card caters to the needs of large companies seeking to maximise control, drive savings and increase efficiency while providing attractive benefits to their employees. Companies may use the credit card for consolidating expenses such as municipality fees, hardware or software purchases, utility payments, stationery bills, insurance payments, import duties etc. The card also helps centralise business expenses of employees relating to travel, hotels and business entertainment, among others.

The benefits for employees include unlimited complimentary access to 500+ premium airport lounges worldwide through the LoungeKey Program and free Marhaba lounge access across the Middle East. Employees can also gain access to professional workspaces in 1,825 locations through the MasterCard business lounge programme, powered by Regus at preferred rates. Also, on offer is complimentary travel insurance covering the cost of medical emergencies, trip cancellations, lost baggage and much more, ensuring absolute peace of mind during business travels.

The Mashreq Corporate Credit Card solution also comes with a state-of-the-art web-based reporting tool for expense and information management through the MasterCard smartdata.gen2 platform, helping companies turn their data into business intelligence with access to customisable templates and reports.

The card can be customised with the company’s name, logo or preferred image on the card face. The card can be issued in the name of the employee, company or a department. Companies can also have online control with cardholder limits and will receive SMS alerts when a card reaches 80% of its credit limit. Corporates can also choose one of four statement billing cycles.

Pankaj Kundra, Head of Payments at Mashreq said, “Mashreq Cards are associated with being unique with the most relevant benefits for our cardholders. We have leveraged our strong experience in this domain and are pleased to offer the Mashreq Corporate Credit Card among our wide suite of card products. The card comes with unmatched security features and is also equipped with attractive reward earnings through the Mashreq Salaam Program. While corporates benefit through immense savings, employees will also benefit with access to the various discounts and offers on travel, dining and retail categories through the Mashreq Travel Easy, Flavours and Privileges platforms.”

Eyad Al Kourdi, Senior Vice President and General Manager – UAE, MasterCard commented, “Commercial payment solutions are a key area of focus for MasterCard, and we are excited to collaborate with Mashreq Bank so businesses in the UAE can streamline their purchasing processes to better manage expenses. Through this partnership, corporates can benefit from simple, safe and secure payments and the power of MasterCard smartdata.gen2, all while offering employees the rewards and benefits synonymous with premium credit cards.”


Businesses can find out more about the Mashreq Corporate Credit Card by calling +971 4424 4450 or checking online