Mashreq Launches Visa Commercial Pay on Mobile: A Cutting-Edge Virtual Card Payment Platform for Businesses

Mashreq – a leading financial institution in the MENA region – has launched Visa Commercial Pay on Mobile (VCP Mobile), a next-generation virtual card payment solution for business and corporate clients in the UAE.

The VCP Mobile platform leverages Visa’s global payment network to enable real-time virtual card issuance, advanced spend controls, and seamless mobile integration, helping businesses streamline vendor payments and manage liquidity securely. VCP Mobile is also available to Mashreq’s NEO BIZ customers, enhancing the corporate customer offering and strengthening the bank’s position as a digital leader in the financial sector.

“VCP Mobile is a strategic leap forward in enabling smarter, faster, and more secure digital payments for businesses,” said Kartik Taneja, Head of Payments & Consumer Lending at Mashreq. “The launch of this platform reinforces our mission to be the region’s most progressive challenger bank, delivering future-ready solutions that empower our corporate customers to take full control of their financial operations in today’s digitally connected world.”

VCP Mobile addresses the growing need for secure, transparent, and real-time digital payment solutions enabling several use cases, such as removing the need for petty cash, enabling fleet and fuel management for freight and logistics companies, and managing corporate and business travel and entertainment spends, all through a single intuitive mobile interface. VCP Mobile is seamlessly integrated into Mashreq’s broader transaction banking capabilities, making it a powerful addition to the bank’s working capital and cash management suite.

“We are excited to support Mashreq in launching VCP Mobile,” said Salima Gutieva, Visa’s VP and Country Manager for the UAE. “Solutions such as VCP Mobile are critical in driving innovation across B2B payment flows and delivering the transparency, security, and speed businesses demand. We look forward to supporting Mashreq in tailoring solutions to support the digital transformation of local businesses and the growing needs of the UAE’s digital economy.”

The VCP Mobile platform allows Mashreq’s corporate clients to modernize their payment operations and optimize working capital in a secure, scalable way, supporting the bank’s mission to empower its corporate clients with future-ready financial tools.

As part of Mashreq’s continued commitment to empowering small- to medium-sized enterprises (SMEs), VCP Mobile will also be available to customers of NEO BIZ, the bank’s award-winning digital business banking platform.