Shukria Partners with Mastercard to Launch Commercial Card for UAE Merchants

Quick Summary

Shukria, powered by Mercury, has collaborated with Mastercard to launch the Shukria Commercial Card in the UAE. This new financial tool enables merchants and SMEs to manage supplier payments and procurement with global acceptance, streamlining operational expenses and enhancing cash flow control within the region's digital economy.

How Does the Shukria Commercial Card Support UAE Businesses?

The Shukria Commercial Card provides a secure, integrated way for companies to handle business-related transactions including travel and operational costs. By leveraging the Mastercard global network, Shukria ensures that local merchants are no longer restricted to domestic payment acceptance but can engage in global procurement activities with ease.

• Global Acceptance: Seamlessly manage international supplier payments.
• Expense Management: Enhanced visibility and control over corporate spending.
• Integrated Ecosystem: Complements existing POS, QR, and loyalty solutions.

What Role Does Mastercard Play in This Partnership?

Mastercard provides the underlying global infrastructure that allows Shukria to scale its offering from a local acceptance brand to a comprehensive business financial suite. This collaboration focuses on empowering SMEs and corporates by providing tools that simplify compliance and expense tracking, which are critical for companies undergoing digital transformation in the Middle East.

"At Mastercard, we are committed to building an inclusive economy where everyone can prosper. An integral part of our efforts is empowering companies to reach their full potential. The Shukria Commercial Card simplifies business payments and expense management, designed to help streamline cash flow while enhancing control, compliance, and visibility." said Gina Petersen-Skyrme, Country Manager, UAE & Oman, Mastercard.

How Does This Move Beyond Payment Acceptance?

Shukria is evolving from a payment acceptance brand into a full-service business solutions provider. By adding the Shukria Commercial Card to its portfolio, which already includes SoftPOS and business financing, the company creates a closed-loop financial experience for UAE merchants. This allows business owners to manage both their inbound revenue and outbound expenses through a single, unified brand ecosystem.

FF NEWS TAKE:

This partnership is a significant move for the UAE's fintech landscape. By launching the Shukria Commercial Card, Mercury is effectively challenging traditional banks by offering a more agile, integrated payment ecosystem for SMEs. The backing of Mastercard gives this product immediate global credibility and utility, moving the needle for UAE merchants who require sophisticated tools to manage cross-border growth and digital-first operations.