Mamo, a UAE-based financial technology company, has partnered with Paymentology, a global issuer processor, to support small and medium enterprises (SMEs) in the UAE. The collaboration aims to enhance Mamo’s card programme, offering SMEs additional rewards and services. This will include credit cards, multi-currency functionality, up to 2% cashback, and streamlined expense management workflows.
Founded in 2019 by former Google executives Asim Janjua and Imad Gharazeddine, Mamo provides a platform that consolidates payment collection, corporate cards, and expense management tools. This solution simplifies financial operations for SMEs, allowing entrepreneurs to focus on business growth without the need for multiple service providers.
Through the Mamo platform, SMEs can collect payments via channels like WhatsApp, e-commerce, and digital invoicing, saving time for finance teams. With Paymentology’s next-generation payments technology, businesses will also enjoy an improved customer experience, including direct support, real-time reporting, and both physical and virtual corporate cards for vendor payments, particularly in the travel industry.
Imad Gharazeddine, CEO of Mamo, stated, “Our partnership with Paymentology addresses the shortcomings of traditional banking for SMEs, offering fast and reliable solutions that improve expense management and cash flow.”
Jeff Parker, CEO of Paymentology, added, “We’re excited to bring virtual Visa cards to UAE SMEs, creating a pathway to greater financial inclusion and supporting the UAE’s economic growth.”
The partnership addresses the financial service gaps faced by over half a million SMEs in the UAE, aiming to promote entrepreneurship and financial inclusion. Mamo is also running a Straight 8 cashback campaign, offering 8% cashback on non-AED corporate spends, helping businesses optimise their spending.
