Mawarid Finance has partnered with KamelPay to launch AbsoluteCard, a new corporate payment solution. Image courtesy: Mawarid Finance
The launch follows KamelPay’s successful expansion from workforce payments and salary processing through its PayD ecosystem
Press Release
Dubai, UAE — Mawarid Finance has partnered with KamelPay to launch AbsoluteCard, a new corporate payment solution designed to help businesses manage spending more efficiently through enhanced control, real-time visibility, and a fully digital user experience.
Powered by Mastercard and issued by Mawarid Finance, AbsoluteCard represents the latest milestone in KamelPay’s growth journey and reinforces both organizations’ commitment to supporting the UAE’s digital transformation agenda through innovative financial solutions.
The launch follows KamelPay’s successful expansion from workforce payments and salary processing through its PayD ecosystem, which today serves more than 1,600 corporate clients across the UAE. Building on this foundation, AbsoluteCard has been developed to address the evolving needs of businesses seeking smarter and more transparent ways to manage corporate expenses.
The solution provides organizations with greater control over business spending while improving operational efficiency through digital payment capabilities. By offering real-time transaction visibility and streamlined expense management, AbsoluteCard enables companies to strengthen financial oversight and simplify corporate payment processes.
The official launch event brought together business leaders, corporate clients, strategic partners, and industry stakeholders to celebrate the introduction of AbsoluteCard and explore the future of digital corporate payments in the UAE. The event provided attendees with an exclusive first look at the new solution while facilitating discussions around innovation, financial technology, and the growing demand for digital-first payment ecosystems.
Mr. Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said: “At Mawarid Finance, we remain committed to delivering innovative financial solutions that empower businesses and contribute to the UAE’s rapidly evolving digital economy. Our collaboration with KamelPay reflects a shared vision of simplifying corporate financial management through secure, scalable, and technology-driven payment solutions. AbsoluteCard represents an important step forward in helping businesses gain greater visibility, control, and efficiency in managing their corporate expenses.”
Mr. Ehsan Rahman, Co-founder & CEO of KamelPay, added: “AbsoluteCard marks an important milestone in our journey to redefine how businesses manage payments and expenses. What began with workforce payment solutions has evolved into a broader vision of supporting organizations through innovative financial products. With the support of Mawarid Finance and Mastercard, we are providing businesses with a smarter and more efficient way to manage corporate spending while enhancing transparency and control.”
As demand for digital financial services continues to grow across the UAE, the launch of AbsoluteCard further strengthens the region’s corporate payments ecosystem and highlights the role of strategic partnerships in driving innovation, efficiency, and financial transformation.
About Mawarid
Mawarid Finance, a UAE-based Sharia-compliant financial institution, is focusing on fintech expansion, digital-first products, and strategic partnerships
About Kamel Pay
KamelPay is a UAE-based fintech focused on providing payment services for businesses and their underbanked workforce across the UAE. Its products include PayD, a WPS-compliant payroll solution built on a Universal Account, and AbsoluteCard, a complete corporate payments ecosystem. KamelPay works with employers, banks, and financial institutions to simplify how businesses spend and manage money.
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