Mamo vs Xpence: Which UAE Corporate Card Platform Is Right for You?

TL;DR

• Status: Xpence merged into Limitless Payments in September 2025, and the Xpence brand is winding down. Mamo is an active platform regulated by the DFSA.
• Cards: both offered Visa corporate cards with spend controls. Mamo's are unlimited and free, with up to 0.5% cashback on AED spend and up to 2% on non-AED spend.
• Payments: Mamo includes a payment gateway, payment links and QR codes. Xpence relied on a Paymob partnership for payment processing.
• Pricing: Mamo publishes its pricing (Growth free, Premium AED 99/month). Xpence did not publish pricing.
• If you're moving off Xpence: Mamo covers cards, expenses and payouts, plus customer payments, on one account.

Context: What Happened to Xpence?

If you are researching Xpence in 2026, there is an important update to know first.

In September 2025, Xpence merged into Limitless Payments, a newly formed Riyadh-headquartered financial entity that brings together Xpence, GC Partners (a UK/UAE/Hong Kong FX firm), and Numito. Xpence co-founder Saad Ansari became CEO of the combined entity, which launched with an initial fund of $100 million.

As of October 2026, the xpence.com website is suspended. The brand appears to be transitioning to Limitless Payments, and it is unclear whether the original Xpence product suite will continue in its prior form.

This article provides a factual record of what Xpence offered during its operating years and how it compared to Mamo, useful both for historical context and for businesses now evaluating where to go next.

What Was Xpence?

Founded in 2017–2018 (originally as Qlikcash), Xpence was a UAE-based corporate spend management platform headquartered at the DIFC Innovation Hub. It joined the Visa Fintech Fast Track Programme in 2019 and later participated in the Boubyan and Fintech accelerator programmes. It was not a Y Combinator company.

Xpence's core product was a suite of Visa prepaid corporate cards, both physical and virtual, built around per-card spend limits, approval workflows, receipt capture, real-time bookkeeping, digital invoicing, multi-currency wallets (DIFC-based), and spending analytics. It operated in the UAE and Bahrain (confirmed at its October 2022 launch) and had conference presence in Saudi Arabia, suggesting MENAP expansion intent.

Notable achievements included winning Best Expense Management Platform at Fintech Surge 2024.

Key limitations to be aware of:

• No confirmed CBUAE or DFSA payment institution licence, Xpence operated via BIN sponsorship with partner banks.
• Pricing was not publicly disclosed.
• No confirmed cashback programme.
• No named accounting software integrations (only generic "third-party integrations" were referenced).
• Xpence itself was not a payment gateway, it announced a partnership with Paymob at 24 Fintech Riyadh to embed payment processing, but relied on Paymob for that capability.

What Is Mamo?

Mamo is a DFSA-regulated fintech platform based in DIFC, Dubai. Unlike Xpence, Mamo holds an active regulatory licence and offers a dual product proposition: a payment gateway (for businesses accepting payments from customers) and Visa Mamo Cards (for businesses managing employee spend).

Payment gateway features: Online checkout, payment links, and QR codes. Accepted payment methods include Visa, Mastercard, Amex, Jaywan (UAE local), Tabby (BNPL), mada, Apple Pay, and Google Pay.

Corporate card features: Physical and virtual Visa Mamo Cards, spend controls, expense management, receipt capture, team wallet management, and global payouts.

Mamo's published pricing:

• Premium plan: 2.7% + AED 0.80 per transaction
• Growth plan: 2.9% + AED 1.00 per transaction
• Same-day settlement: Available at an additional fee of +0.5% (Premium) or +0.75% (Growth), this is not the standard rate; standard settlement takes 2–5 business days.

Cashback: up to 0.5% on AED (unlimited) spend, up to 2% on non-AED (unlimited) spend (promotional rates up to 8%).

Head-to-Head Feature Comparison

How Do Corporate Cards Compare?

Both Mamo and Xpence issued Visa prepaid corporate cards with physical and virtual options, per-card spend limits, and mobile app controls (iOS and Android). Mamo's cards are backed by a DFSA-regulated entity; Xpence operated under BIN sponsorship arrangements.

Which Platform Handles Payment Acceptance?

This is a clear differentiator. Mamo has a fully integrated payment gateway, businesses can accept customer payments online, via QR, payment links, all from the same account. Xpence announced a Paymob partnership for payment processing but was not a gateway itself. Businesses needing to accept payments from customers would require Mamo or a separate gateway solution if working with Xpence.

What Is the Regulatory Status of Each?

How Does Pricing Compare?

Xpence pricing note: Xpence did not publish its pricing publicly. A competitor-published guide (Alaan, 2026) estimated Xpence at approximately AED 973/month (Starter) and AED 1,945/month (Professional). These figures are unverified third-party estimates and should not be treated as confirmed Xpence pricing.

What About Accounting Integrations?

Xpence referenced "third-party integrations" in general but did not name specific ERP or accounting software publicly. If accounting software compatibility is critical to your workflow, verify directly with any platform you are evaluating.

Multi-Currency Operations

Xpence's multi-currency wallet (DIFC-based) was a notable feature for internationally operating teams. Mamo supports non-AED spend on its cards (with up to 2% unlimited cashback on non-AED transactions) and offers global payouts, though a dedicated multi-currency wallet is not its primary marketing proposition.

Which Platform Is Better For…?

Businesses That Need to Accept Customer Payments

Mamo is the clear choice. Its payment gateway handles online checkout, QR, and payment links, all within the same regulated entity. Xpence required a separate Paymob integration for payment processing and was not a gateway itself.

Businesses Prioritising Regulatory Certainty

Mamo holds an active DFSA licence. Xpence operated via BIN sponsorship with no confirmed own licence. For businesses in regulated industries, or those that require documented regulatory status from a financial services vendor, Mamo's DFSA standing is a meaningful differentiator.

Teams Focused on Multi-Currency Global Spend

Xpence's multi-currency DIFC wallet was purpose-built for teams managing spend across currencies. Now that Xpence has merged into Limitless Payments, with GC Partners (an FX specialist) as a co-constituent, international FX capabilities may evolve under Limitless. For now, Mamo's global payouts and non-AED cashback serve international spend needs, though a dedicated multi-currency wallet is not its headline feature.

Startups and SMEs on a Budget

Mamo's Growth plan has no monthly fee, meaning you pay only when transactions occur, well-suited to early-stage businesses with variable volumes. The Premium plan is AED 99/month. Xpence's pricing was never publicly disclosed, making budget planning difficult. Transparent pricing is a practical advantage from day one.

What Should Xpence Customers Do Now?

With xpence.com currently suspended and the brand transitioning to Limitless Payments, businesses that relied on Xpence should take practical steps:

• Confirm continuity with Limitless Payments directly, understand whether existing cards, wallets, and integrations remain active.
• Evaluate alternatives, Mamo, Alaan, Pemo, and Pluto are the leading UAE corporate spend and payment platforms in 2026. See our full alternatives guide below.
• Check regulatory status of any platform you switch to, particularly if your business operates in a regulated sector or requires documented vendor compliance.
• Request pricing in writing, Xpence did not publish pricing. Any replacement platform should offer a clear, documented fee schedule before you commit.

Frequently Asked Questions

Is Xpence still operating in 2026?

Xpence merged into Limitless Payments in September 2025. As of October 2026, xpence.com is suspended. The brand is transitioning to Limitless Payments, a Riyadh-headquartered entity combining Xpence, GC Partners, and Numito with an initial fund of $100 million. Whether the original Xpence product suite continues under the new entity has not been confirmed publicly.

Was Xpence regulated by the DFSA or CBUAE?

No confirmed CBUAE or DFSA licence was disclosed for Xpence. The company operated via BIN sponsorship arrangements with partner banks. Its DIFC Innovation Hub address does not itself confer DFSA authorisation. Mamo, by contrast, holds an active DFSA licence.

Does Mamo charge a monthly fee?

Mamo's Growth plan has no monthly fee. The Premium plan costs AED 99/month. Pricing is transaction-based: 2.7% + AED 0.80 per transaction (Premium plan) or 2.9% + AED 1.00 (Growth plan). Same-day settlement is available at an additional fee of +0.5% (Premium) or +0.75% (Growth), it is not included in the standard rate; standard settlement is 2–5 business days.

Does Mamo offer corporate cards and a payment gateway on the same platform?

Yes. Visa Mamo Cards (for employee spend management) and Mamo's payment gateway (for accepting customer payments) are both available on the same DFSA-regulated platform. This dual proposition was not available from Xpence natively.

What cashback does Mamo offer on corporate card spend?

Visa Mamo Cards offer up to 0.5% unlimited cashback on AED spend and up to 2% unlimited cashback on non-AED spend, with promotional rates up to 8% available for limited periods. Xpence did not confirm a cashback programme during its operation.

The Bottom Line

Xpence built a solid corporate card product, but the brand is winding down after its September 2025 merger into Limitless Payments.

Mamo is the most direct replacement: free Visa corporate cards with up to 2% cashback, expense management and payouts, plus a payment gateway, published pricing and DFSA regulation.