Dubai, UAE, 21st July – Paymentology, the leading global issuer-processor, and KamelPay, a UAE fintech helping businesses modernise corporate payments, today announced a new collaboration.
Under the agreement, Paymentology powers KamelPay’s newly launched AbsoluteCard, a next-generation corporate payments platform designed to help UAE businesses streamline company spending with greater visibility, control and efficiency.
Paymentology provides the cloud-native, API-driven infrastructure powering KamelPay’s AbsoluteCard platform, designed to bring greater visibility and control to business spending. The solution combines physical and virtual corporate cards with real-time spend controls and streamlined expense management, with three tailored offerings at launch: a C-Suite card, a P.R.O. Edition for government and administrative expenses, and a customisable Business edition for varied categories, be it travel, logistics or software subscriptions.
Ehsan Rahman, CEO and Co-Founder of KamelPay, said:“We didn’t start with technology; we started with people. Partnering with Paymentology gives us the secure, compliant foundation to scale our mission while keeping human needs at the heart of financial services. With the launch of AbsoluteCard, we’re helping businesses transform how they manage corporate spending through greater visibility, control and transparency, while continuing to build financial solutions that solve real-world challenges for organisations and their people.”
Nauman Hassan, Regional Director MENA, Paymentology, said:“KamelPay is setting a new benchmark for how payments can drive meaningful financial inclusion. By combining deep on-the-ground understanding with a strong regulatory foundation, KamelPay is delivering real impact for employers, businesses and workers alike. The launch of AbsoluteCard marks an exciting new chapter in its growth, and we’re proud to provide the cloud-native infrastructure that enables the business to innovate confidently, scale securely and deliver exceptional payment experiences.”
The partnership marks an important milestone in the company’s expansion into corporate payments. KamelPay has also received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) for Stored Value Facilities (SVF) and Retail Payment Services (RPS), providing the regulatory foundation for the next phase of its growth. Together, these milestones reinforce KamelPay’s vision of building a comprehensive financial platform for businesses and their workforce.
ENDS
KamelPay is a UAE-based fintech focused on providing payment services for businesses and their underbanked workforce across the UAE. Its products include PayD, a WPS-compliant payroll solution built on a Universal Account, and AbsoluteCard, a complete corporate payments ecosystem. KamelPay works with employers, banks and financial institutions to simplify how businesses spend and manage money.
About Paymentology
Paymentology is a global issuer processor giving fintechs, digital banks and retail banks the technology, expertise and flexibility to launch, manage and scale a broad variety of card programmes around the world.
Built on Lume, the platform for growth, Paymentology processes billions of transactions on behalf of customers globally, across 65+ countries and 14 time zones.
With 500+ payments experts bringing deep local market knowledge to every engagement, Paymentology combines global reach with regional expertise, helping clients build momentum, enter new markets and unlock unstoppable growth.
For more information, visit https://www.Paymentology.com.
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Becky Sales