Eazy Financial Services (EazyPay), a leading Bahraini financial institute specializing in POS and online payment gateway acquiring services, has launched ‘Mastercard Receivables Manager’ in Bahrain, aimed at streamlining B2B virtual card payments.
This makes EazyPay the first acquirer in the market to adopt this innovative solution. Mastercard Receivables Manager allows EazyPay to support merchants in automating their B2B virtual card receivables, eliminating manual work. This helps improve efficiency, working capital and cash flow.
With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of 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 – EazyPay
“EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. 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.”
“At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain’s dynamic business landscape,” added Saud Swar, Country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard.
The total value of B2B transactions worldwide is expected to exeed $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to surpass $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables and strengthen cash flow management.
