May 22, 2026
Mawarid Finance and Maghanim have entered into a strategic partnership to introduce advanced corporate travel and expense management solutions for businesses across the UAE and the wider GCC region.
The collaboration aims to modernize how companies manage travel bookings, corporate payments, and expense reporting by combining AI-powered automation, secure virtual card technology, and integrated payment infrastructure into a single digital platform.
Through the partnership, businesses will be able to book corporate travel, generate instant virtual cards, automate expense tracking, and gain better visibility into company spending. The initiative is designed to reduce manual administrative work, improve compliance, minimize fraud risks, and enhance overall operational efficiency.
As part of the agreement, both companies will launch a virtual card-based B2B payment solution specifically developed for corporate clients. The digital-first payment system will provide businesses with greater control over travel-related expenses while improving transaction security and flexibility.
Abdalla Alabdooli, Managing Director of Maghanim, stated that businesses across the UAE are increasingly adopting integrated digital solutions to improve financial control and operational efficiency. He explained that the partnership will help corporates streamline travel spending, strengthen governance, and reduce manual processes through secure Shariah-compliant payment solutions.
Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said the collaboration aligns with the company’s focus on expanding digital financial services through scalable and future-ready solutions. He added that the growing demand for corporate travel and mobility across the GCC presents strong opportunities to simplify expense management while improving transparency and security for businesses.
The GCC corporate travel and payment industry continues to evolve rapidly due to increasing regional business activity and rising demand for integrated digital finance solutions. With the UAE positioned as a major regional business hub, the partnership is expected to support further innovation in corporate payments and expense management technologies.
Flocash also plays a significant role within the broader payment ecosystem by providing global payment technology and processing services across more than 60 countries, helping businesses and financial institutions connect securely to the digital economy.
Mawarid Finance is a UAE-based Shariah-compliant financial institution focused on fintech growth, digital-first financial products, and strategic partnerships. Meanwhile, Maghanim specializes in Shariah-compliant B2B payment solutions, corporate spend management, and embedded finance services designed for SMEs and large enterprises across the GCC.
