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RAKBANK Corporate Purchase Credit Card

Whether you are making payments to suppliers and other businesses (B2B) or to the Government (B2G) our Purchase Card makes it easy and simple while offering exceptional security & control. You can choose either the physical Central Payment Card or online Virtual Card, depending on your needs

  • Free for life
  • 55 days interest-free credit – supplementing your working capital
  • Choice of multiple statement cycles
  • Automatic Debit facility for outstanding Card balance
  • Easy payments
    1. At POS
    2. On websites & apps
  • Secure
    1. Advanced authorization procedures
    2. Ability to limit staff usage
  • Real-time expense monitoring

Give your employees the convenience of making procurement or requisition expense payments while retaining control over their spends.

Flexible issuing:

  • Cards can be issued under name of Individual or Department

Secure payments:

  • Chip & PIN enabled
  • Real-time authorization Codes sent via email or SMS for online payments

Easy reporting:

  • Consolidated e-statements of all spends is sent to the Central Program Administrator's email address

 Improve control, compliance and security for all payments with RAKBANK Corporate Virtual Card – Powered by Mastercard’s In Control™ Platform. Cards are issued online for a single transaction or specified number of transactions and securely transmitted to a supplier or merchant at desired time of payment. The merchant is then able to use it for that specified transaction.

Easy to use:

  • Equivalent to a physical Card with a 16-digit and expiry date & CVV making it simple for suppliers to use
  • Accepted wherever Mastercard is accepted

Convenience:

  • Ideal for high volumes of transactions,especially online, over the phone or by mail
  • Can be integrated with other corporate card programmes or work independently

Increased security:

  • Cards are generated only when needed and after payment approvals
  • Cards are assigned to each transaction, not to individuals or departments
  • Customized approvals required
  • Restrictions can be placed by date or date range

Simplified reconciliation & enhanced reporting:

  • Virtual Card accounts can be linked to Purchasing Order, invoice or project number ensuring automated and accurate cost center allocation
  • All data travels with the account number
  • Data can be integrated into your reporting and analysis tools 
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