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Mastercard has renewed its multi-year agreement with Bahrain-based fintech company Invinius to commercially launch the Mastercard Wholesale Payments program in the Middle East and North Africa. The program uses virtual cards to digitize payments between travel companies, enhancing automation, transparency and security while improving liquidity. The partnership comes as online travel bookings in the region rose 63% in 2025, with bookings made through intermediaries expected to exceed $100 billion by 2028.
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