Oman Arab Bank (OAB) has rolled out its first corporate credit card, dubbed OAB MasterCard Corporate Credit Card, in association with MasterCard.

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The new offering, which will provide bank’s clients with enhanced efficiency and flexibility to manage employee business expenses, will enable them to track and manage business related expenditure online and access Smart Data.

Smart Data is MasterCard’s suite of reporting and expense management tools.

The new product will offer card holder level, department level and company level statements for tracking and accountability. It will also provide corporate clients with privileges and services including access to airport lounges in several major cities.

OAB head of corporate and institutional banking and GM Alsalt Al Kharusi said: "The launch of this new strategic product falls in line with our objective to cross sell new products to our corporate client base and further strengthen our relationships by providing innovative financial service solutions.

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"The Oman Arab Bank MasterCard Corporate Credit Card is a sophisticated product that will open new avenues for business owners, entrepreneurs and companies in Oman and facilitate the way corporate expenses are managed and executed."

MasterCard general manager – gulf cluster Raghav Prasad said: "Commercial payment solutions are a key area of focus for MasterCard, and we are excited to collaborate with Oman Arab Bank so businesses in Oman can streamline their purchasing processes to manage expenses efficiently.

"Through this partnership, Corporates can benefit from simple, safe and secure payments and the power of MasterCard Smart Data Gen.2, all while offering employees the rewards and benefits synonymous with premium credit cards."