Emirates NBD, a retail banking franchise in the UAE, has inked a strategic partnership with Dubai Multi Commodities Centre (DMCC), a commodity hub and Free Zone, and MasterCard to launch a corporate co-branded card.
The Emirates NBD DMCC commercial card programme, tailored exclusively for 9,900 DMCC members, will offer flexible savings and financial solutions besides providing rewards programme of two Plus Points on all the corporate spends that can be redeemed for gift vouchers or Cash Back.
The credit card will enable corporations to convert DMCC fees and related charges into three, six or 12 installments at a 0% interest rate by offering flexible payment options.
The corporate card will leverage MasterCard Smart Data Gen 2 (SDG2), an online reporting and expense management tool, to facilitate extracting data and integrating it with the major ERPs.
Emirates NBD group CEO Shayne Nelson said: "The lack of comprehensive commercial payment solutions, combined with our ability to offer tailor-made financial solutions, makes us believe that this partnership is set to revolutionise commercial card programmes not only in the UAE but also the wider Middle East."