Eazy Financial Services, known as EazyPay, has introduced Mastercard Receivables Manager in Bahrain. This move positions EazyPay among the first acquirers to adopt this solution in the market.
Simplifying B2B Virtual Card Receiving
With Mastercard Receivables Manager, EazyPay can now assist merchants with automating their business-to-business (B2B) virtual card receiving processes. The focus of this solution is to enhance efficiency in scaling operations, working capital, and cash flow by reducing manual steps.
The platform requires minimal integration and API implementation, making it easier for capturing virtual card payments, processing them directly, and sending remittance data straight to merchants’ accounting systems.
Enhancing Business Operations with Digital Payments
EazyPay’s representatives highlighted their commitment to supporting businesses through digital payment solutions designed to streamline operations and enhance the customer experience. As virtual cards gain popularity among suppliers, Mastercard Receivables Manager allows EazyPay to strengthen its B2B payments ecosystem across various industries and large market segments.
Mastercard has expressed its dedication to providing solutions that help acquirers and their merchants operate more efficiently. By automating the processing of high-volume virtual card payments, this solution aims to save time and boost efficiency for suppliers. Mastercard and EazyPay aim to expand the availability of Receivables Manager in Bahrain.
Building on Strategic Partnerships
Just before partnering with Mastercard, EazyPay collaborated with Tamara to offer payment gateway services to Tamara’s merchant network in Bahrain. This partnership enables EazyPay to act as the acquiring solution for Tamara, enhancing secure and efficient transaction processing.
The combination of Tamara’s consumer payment experience and EazyPay’s local infrastructure is expected to enrich the digital commerce landscape across the Gulf region, providing more value and convenience to clients.