UAE-based Mashreq Bank has launched a new credit card tailored for corporates seeking to streamline their business expense management.
Using the card, companies can streamlining their centralized expenses such as municipality fees, hardware or software purchases, utility payments, stationery bills, insurance payments, import duties etc.
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The card will also enable them to streamline business expenses of employees relating to travel, hotels and business entertainment, among others.
The newly launched credit card solution features a web-based reporting tool for expense and information management through MasterCard smartdata.gen2platform.
The card, which can be customized to print the company’s name, logo or preferred image on the card face, can be issued in the name of the employee, company or a department.
The bank said that companies can also have online control to set cardholder limits and receive SMS alerts when a card reaches 80% of credit limit utilization.
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By GlobalDataThe employees of the companies will get unlimited complimentary access to 500+ premium airport lounges worldwide through the LoungeKey Program and free Marhaba lounge access across the Middle East.
