Dubai Islamic Bank, ChargeUp, and NymCard Launch Innovative Corporate Expense Cards for Pakistani Businesses
Karachi, Pakistan, July 11, 2024 — In a groundbreaking partnership, Dubai Islamic Bank Pakistan (DIBP), ChargeUp, and NymCard have unveiled a new corporate expense card solution tailored for businesses in Pakistan. This collaboration aims to revolutionize the way Pakistani companies manage employee expenses by leveraging advanced card issuance and processing technology.
ChargeUp will issue Dubai Islamic Bank’s Corporate Expense Cards, available in both virtual and physical formats, for clients’ employees. NymCard’s sophisticated fintech infrastructure will support this integrated solution, streamlining the digitization of expenses and employee reimbursements for businesses.
Streamlining Financial Management
Omar Onsi, CEO of NymCard, expressed enthusiasm about the new venture: “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. 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 allows businesses to issue virtual cards for commercial payments or physical cards for employee reimbursements. Managed through a SaaS solution, this system is designed to handle employee expenses efficiently, supported by NymCard’s robust fintech infrastructure.
Revolutionizing Expense Management
“We are excited to partner with NymCard and Dubai Islamic Bank Pakistan to bring a revolutionary corporate employee expense management solution to Pakistan,” said Amer Pasha, CEO of ChargeUp. “Our combined expertise and innovative technologies will provide businesses with unparalleled efficiency, control, and convenience in managing their expenses.”
Commitment to Innovation
Syed Zaka Ur Rehman, Head of Digital Banking at Dubai Islamic Bank Pakistan, highlighted the bank’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. 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. This initiative aligns 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.”
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.
