Eazy Financial Services, known as EazyPay, has introduced Mastercard Receivables Manager in Bahrain. This move positions EazyPay among the first acquirers in the market to adopt this solution.
Enhancing B2B Virtual Card Payments
EazyPay now supports merchants in automating their business-to-business (B2B) virtual card receivables through Mastercard Receivables Manager. The solution aims to streamline manual processes and enhance efficiency, working capital, and cash flow.
The customizable platform simplifies capturing virtual card payments, processing them directly, and delivering remittance data straight to merchants’ accounting systems with minimal integration and API implementation required.
Focus on Digital Payment Solutions
EazyPay’s representatives highlighted their commitment to supporting businesses with digital payment solutions designed to simplify operations and improve the customer experience. The increasing use of virtual cards for supplier payments has prompted EazyPay to adopt Mastercard Receivables Manager, solidifying its role in the B2B payments ecosystem.
Mastercard’s Commitment
Mastercard emphasized its dedication to providing optimal solutions that facilitate more efficient operations for acquirers and their merchants. Through Receivables Manager, Mastercard aims to address key challenges faced by suppliers managing high volumes of virtual card payments by automating processing, minimizing time, and boosting overall efficiency.
Strategic Partnership with Tamara
Before collaborating with Mastercard on this launch, EazyPay partnered with Tamara to provide payment gateway services to the latter’s network of merchants and customers in Bahrain. This partnership allowed EazyPay to serve as Tamara’s acquirer, offering secure, simplified, and efficient transaction processing solutions.
The collaboration aimed to integrate Tamara’s consumer payment experience with EazyPay’s local expertise and infrastructure, thereby enhancing the digital commerce experience across the Gulf region and providing greater convenience and value for clients.
