Eazy Financial Services (EazyPay) has launched Mastercard Receivables Manager in Bahrain, making it the first acquirer in the market to adopt the solution to enhance virtual card payment processing for businesses.
Mastercard Receivables Manager will enable EazyPay to support merchants in Bahrain to automate business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow.
With minimal integration and no need for application programming interface (API) implementation, the customisable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants’ accounting systems.
“EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,” explained Nayef Tawfeeq Al Alawi, founder, managing director and CEO of EazyPay.
“Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency,” added Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, at Mastercard. “We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain’s dynamic business landscape.”
The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14trillion by 2029.
This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
