EazyPay Launches Mastercard Receivables Manager in Bahrain
Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. The move makes EazyPay the first acquirer in the country to adopt the innovative solution.
The Mastercard Receivables Manager is designed to enhance virtual card payment processing for businesses. It enables EazyPay to help merchants automate their B2B virtual card receivables.
The platform eliminates manual processes, improving efficiency, working capital, and cash flow. It requires minimal integration and no API implementation.
The solution captures virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems.
Nayef Tawfeeq Al Alawi, founder, managing director, and CEO of EazyPay, stated that the solution supports businesses with digital payment tools aimed at simplifying operations and improving customer experience.
He added that as virtual cards gain popularity for supplier payments, Mastercard Receivables Manager allows EazyPay to strengthen the B2B payments ecosystem across major industries.
Saud Swar, country manager at Mastercard for Saudi Arabia, Bahrain, Jordan, and the Levant, said the company is focused on providing services that help acquirers and merchants operate more efficiently.
He noted that the Receivables Manager addresses a key challenge for suppliers handling high volumes of virtual card payments by automating processing, reducing time, and increasing efficiency.
He also said Mastercard is proud to collaborate with EazyPay to introduce this solution to Bahrain's evolving business sector.
Recent data shows the total value of B2B transactions is expected to surpass $213 trillion globally by 2032.
B2B virtual card spend alone is forecasted to exceed $14 trillion by 2029. EazyPay is the first in Bahrain to launch the solution
The tool automates B2B virtual card payment processing
Global demand for digital payment efficiency is increasing
The partnership reflects rising demand for digital solutions that automate receivables and enhance cash flow management.
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