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11 July 2024, Karachi, Pakistan: Dubai Islamic Bank, ChargeUp & NymCard have partnered to launch innovative corporate expense cards tailored for Pakistani businesses.

Through this collaboration, ChargeUp will issue Dubai Islamic Bank’s Corporate Expense Cards both virtual and physical for clients’ employees, utilizing NymCard’s advanced card issuance and processing technology. This integrated solution aims to streamline the digitization of expenses and employee reimbursements for companies.

After successfully supporting thousands of businesses across MENA, we’re thrilled to introduce this cutting-edge corporate expense solution to the Pakistani market alongside ChargeUp and DIBP,” said Omar Onsi, CEO, NymCard. “Our technology ensures a seamless and secure experience for businesses of all sizes looking to modernize their financial management, digitize their corporate payments, and optimize process efficiencies”.

ChargeUp’s intuitive platform enables businesses to issue virtual cards for commercial payments or physical cards for employee reimbursements, all managed through a SaaS solution to handle employee expenses. This system is supported by NymCard’s robust fintech infrastructure.

“We are excited to partner with NymCard and Dubai Islamic Bank Pakistan to bring a revolutionary corporate employee expense management solution to Pakistan. Our combined expertise and innovative technologies will provide businesses with unparalleled efficiency, control, and convenience in managing their expenses,” said Amer Pasha, CEO, ChargeUp.

“The partnership reflects DIBP’s commitment to innovation and its vision to transform the financial landscape through digital technology. DIBP’s move is a testament to its dedication to providing cutting-edge financial solutions that cater to the dynamic requirements of the digital era. The bank continues to play a pivotal role in fostering a robust, safe, and competitive digital payment ecosystem in Pakistan, empowering businesses and individuals to thrive in a digitized economy. By leveraging NymCard’s modern card-issuing platform and ChargeUP’s robust expense management solution, DIBP is set to revolutionize corporate spending with unparalleled convenience and control. The new corporate credit card is designed to meet the evolving needs of businesses, offering a seamless and secure transaction experience. This initiative is aligned with the State Bank of Pakistan’s vision for the digitization of banking and payments, aiming to enhance financial inclusion and economic growth across the country. “ Syed Zaka Ur Rehman Head, Digital Banking Dubai Islamic Bank Pakistan

For additional information, please contact: Press Relations at press@nymcard.com

About NymCard:
NymCard is a leading provider of end-to-end embedded finance solutions, simplifying payments with its modern platform since 2018. As the only MENA-based provider fully regulated by the Central Bank of the UAE, and a principal member of both VISA and MasterCard, NymCard empowers businesses of all sizes to launch new payment products quickly, including prepaid cards, multi-currency offerings, charge and credit cards, and embedded lending solutions.

About ChargeUp:
ChargeUp offers Pakistan’s first corporate credit card with an integrated SaaS employee expense management solution, including mobile, virtual, and physical cards. It enhances employee expense management by reducing manual reporting, providing real-time control, and leveraging AI technology. ChargeUp ensures cost-effectiveness, unmatched control, supreme convenience, and innovative technology to streamline processes and reduce workloads for businesses.

About Dubai Islamic Bank Pakistan:
Dubai Islamic Bank Pakistan is a subsidiary of Dubai Islamic Bank, the world’s first Islamic bank. DIB Pakistan offers a wide range of Sharia-compliant banking products and services to its customers, ensuring ethical and responsible financial solutions.