KamelPay, a UAE-based fintech focused on business payments and workforce financial services, has launched AbsoluteCard, a corporate payments ecosystem designed to give companies greater control over spending and reconciliation. The platform combines a web portal, mobile application and corporate card powered by the Mastercard network, with Mawarid Finance acting as the sponsoring institution. KamelPay unveiled the product at Kempinski The Boulevard in Downtown Dubai, where banking executives, corporate leaders, exchange house representatives and financial institutions attended the launch.
Responding to a Changing Operating Environment
The launch comes as businesses in the UAE face increased expectations around financial transparency, expense classification and reporting. Corporate tax and e-invoicing requirements have raised the importance of maintaining accurate records for every business expense, particularly for companies operating across multiple departments, projects and entities. KamelPay has positioned AbsoluteCard as a connected solution intended to help finance teams manage these demands with greater speed, visibility and consistency.
A Unified System for Corporate Spending
AbsoluteCard enables businesses to issue corporate cards instantly, define spending limits and assign role-based permissions across teams. Companies can also monitor transactions in real time and generate multiple virtual IBANs to separate funds across subsidiaries, projects or operational units. A centralized approval portal brings sign-offs and oversight into one system, while real-time fund loading is intended to help companies move budgets where they are needed without delay.
Controls, Visibility and Reconciliation
KamelPay said the product is designed to reduce manual administrative work associated with expense management and transaction reconciliation. By consolidating corporate spending data in one environment, the platform aims to give finance teams a clearer view of how funds are allocated and used across the organization. This can support faster decision-making, stronger governance and more transparent financial workflows for businesses managing increasingly complex payment operations.
KamelPay’s Digital Finance Strategy
Hussain AlQemzi, chairman of KamelPay, said AbsoluteCard reflects the company’s wider ambition to develop financial tools that help businesses operate with more confidence, control and clarity. He linked the launch to the UAE’s broader push toward innovation and digital transformation in financial services. KamelPay said the product is intended to support businesses as they adapt to a more regulated and technology-driven operating environment.
A Distribution Model for Financial Institutions
Beyond its direct business use, AbsoluteCard has been built as a ready-to-deploy offering for banks, exchange houses and other financial institutions. These partners can extend the platform to their corporate clients without building their own payments infrastructure, allowing them to add spend management capabilities to their existing services. Ehsan Rahman, KamelPay’s co-founder and CEO, said the platform is designed to offer finance teams more meaningful control and visibility than traditional corporate payment processes.
KamelPay’s existing portfolio includes PayD, a WPS-compliant payroll and Universal Account solution for businesses and their underbanked workforce in the UAE. With AbsoluteCard, the company is expanding into corporate spend management through a platform that combines card issuance, virtual accounts, approvals and transaction monitoring. The launch highlights the growing role of integrated fintech infrastructure in helping UAE businesses and financial institutions manage payments, compliance and operational oversight more effectively.