Eazy Financial Services (EazyPay) made waves on Tuesday, becoming Bahrain’s first acquirer to launch Mastercard Receivables Manager, an innovative platform designed to automate business-to-business (B2B) virtual card payment processing.
This move aims to streamline digital payment management, offering merchants faster, hands-free handling of their virtual card receivables.
Transforming B2B virtual card payments in Bahrain
Mastercard Receivables Manager allows EazyPay to eliminate manual processes that traditionally slow down payment reconciliation and cash flow management.
The platform integrates easily into existing systems without complex API requirements, processing payments straight through, and delivering remittance data directly to merchants’ accounting systems.
Nayef Tawfeeq Al Alawi, founder, managing director, and CEO of EazyPay, emphasised, “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”.
This digital solution is well-timed, given that B2B virtual card spending worldwide is expected to exceed $14 trillion by 2029. The rise reflects businesses’ growing demand for smoother, more efficient payment methods that improve working capital and cash flow.
Driving efficiency with automation in Bahrain’s payment industry
Saud Swar, Mastercard’s country manager for Saudi Arabia, Bahrain, Jordan, and the Levant, highlighted the partnership’s value: “Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency”.
The automation speeds up payment cycles and reduces errors and administrative burdens traditionally faced by merchants.
This adoption positions Bahrain at the forefront of the digital payments wave in the Middle East, equipping businesses with tools to handle the projected global B2B transaction value of over $213 trillion by 2032.
EazyPay’s initiative aligns with Mastercard’s international efforts to modernise virtual card acceptance and promote seamless digital commerce experiences.
By introducing Mastercard Receivables Manager, EazyPay is giving Bahraini businesses a competitive edge in managing virtual card payments, a technology increasingly essential as companies shift toward digital and automated financial operations.
As Mastercard describes it, the solution “makes virtual cards more efficient, secure and cost-effective for businesses to accept,” enabling smoother buyer-supplier interactions and helping businesses meet rising digital payment expectations.