KamelPay has launched AbsoluteCard, a corporate spend management platform designed to help UAE businesses manage employee spending, company payments and expense reconciliation through one connected system.
The Dubai-based fintech said the new platform combines a web portal, mobile app and corporate card, with cards powered by the Mastercard network and issued by Mawarid Finance. The product is aimed at companies looking for clearer oversight of business spending, particularly where employees, departments and management teams need different payment permissions.
Rather than presenting the card as a simple payment tool, KamelPay is positioning AbsoluteCard as a broader operating system for corporate expenses. The launch targets a common finance-team problem: payments may happen quickly, but the approval, receipt collection and reconciliation work often happens later, manually and with limited visibility.
A Look at AbsoluteCard’s Features
AbsoluteCard allows companies to issue physical and virtual cards to employees, executives, departments or administrative teams. Businesses can set spending limits, define merchant categories, restrict usage and customize approval rules based on the role of each cardholder.
The platform also supports receipt capture, transaction tracking and expense categorization, giving finance teams a clearer view of spending before the end of the month. KamelPay says the system is designed to reduce manual expense reporting and make it easier for businesses to match payments with internal records.
Virtual cards are expected to be useful for online subscriptions, vendor payments and controlled digital purchases. Physical cards, meanwhile, can support travel, office expenses and daily operational spending where employees still need in-person payment access.
Modernizing Corporate Expense Management
Corporate expense management remains a friction point for many businesses, especially as companies digitize payments faster than they digitize internal controls. A card transaction may take seconds, but the paperwork around that transaction can still involve invoices, receipts, approvals and follow-up messages.
AbsoluteCard is designed to close that gap by linking payments with spending rules from the start. When limits, categories and approval flows are built into the card system, finance teams may have fewer exceptions to chase later.
This approach can also help businesses reduce dependence on petty cash and employee reimbursements. Instead of asking staff to pay first and claim later, companies can issue controlled cards with preset rules, helping reduce administrative delays and improving transparency over how money is spent.
The Partners Behind AbsoluteCard
AbsoluteCard is sponsored by Mawarid Finance, which says it is licensed and regulated by the Central Bank of the UAE. The Central Bank also lists Mawarid Finance PJSC among Islamic financing companies licensed in the country.
The product also builds on KamelPay’s previous work in salary processing and business payment services. In 2022, Mastercard announced a partnership with Kamel Pay to launch card propositions for UAE businesses and underbanked workers, including tools aimed at digitizing low-value corporate payments and reducing cash handling.
Mastercard’s role in the card network also gives AbsoluteCard access to a widely used payment infrastructure, while KamelPay focuses on the software layer around business controls, onboarding and expense visibility.
The launch comes as more UAE businesses look for digital tools that can handle payments, reporting and compliance needs at the same time. Corporate cards are no longer only about convenience; they are increasingly tied to data visibility, fraud controls and finance automation.
