HSBC and Mastercard launch mobile virtual card solution in the UAE

HSBC and Mastercard have introduced a mobile virtual card solution in the UAE, enabling corporate customers to access tokenised virtual commercial cards via digital wallets.
The solution allows instant tap-and-go payments for business and travel expenses through Mastercard’s mobile virtual card app.

Powered by Mastercard In Control®, the platform enables secure virtual card numbers (VCNs) to be added to digital wallets, enhancing security by shielding real card numbers during transactions.
HSBC is the first global bank to launch Mobile Virtual Cards in the UAE using Mastercard In Control for Mobile Payments.
Virtual cards are issued through a portal and can be added to digital wallets with a simple sign-up, eliminating wait times for physical cards and enabling instant payments.
Businesses can set spend controls and monitor card limits, balances, and transactions in near real-time via the app.