Visa, Mashreq Supply Virtual Card Solution to UAE's Emaar Properties

Core Insights - Emaar Properties PJSC has adopted a virtual card solution from Visa and Mashreq to enhance its B2B payment processes and improve working capital efficiency [1][2] - The integration of this solution into Emaar's ERP system aims to streamline operations and strengthen supplier relationships [1] - The virtual card solution is designed to provide benefits such as transparent reconciliation, insights for decision-making, and improved cash flow forecasting [1][2] Company Collaboration - The partnership between Visa and Mashreq focuses on delivering secure and efficient payment solutions for businesses [2] - This collaboration is part of Visa's broader commitment to enhance payment methods for corporate clients [2] - Emaar's use of virtual cards will facilitate digital payments to suppliers who accept card payments, promoting automation and seamless reconciliation [2] Product Offering - The virtual card solution includes features such as detailed reporting, new card controls, expense management, and ERP integration [3] - Visa and Mashreq previously launched a corporate expense platform and a rapid seller onboarding program aimed at supporting small and medium-sized businesses [3]