The Wages Protection System (WPS) is an electronic salary transfer system that allows institutions to pay workers’ wages via banks, bureau de change, and financial institutions approved and authorized to provide the service.
The system, developed by the Central Bank of the UAE, allows the Ministry of Labor to create a database that records wage payments in the private sector to guarantee the timely and full payment of wages.
The WPS covers all institutions registered with the Ministry across all sectors and industries and will benefit different categories of labor.
Sharaf Exchange LLC is the approved payroll service provider by the Ministry of Labor under Wage Protection System (WPS).
We understand that all establishments have their unique service requirements. Hence, our branches offer customized payroll solutions to many of the valued companies in the UAE. We disburse salaries over the counter, in addition to the PayCheck card solution, whereby the employee is issued a ‘close’ or ‘open’ loop card.
Highlights of our services:
- Easy documentation for registration
- Quick Registration
- Quick processing of salaries
- Experienced staff
- Convenient branch locations for depositing salaries
PayCheck Open Loop is one of the best payroll cards available in the market with chip based technology providing extra transaction security to the card holders. PayCheck has been designed customer convenience and cost efficiency in mind.
PayCheck enables your employees to conveniently withdraw their salaries at the time of their convenience. They can also withdraw through dedicated ATMs installed at our branches or through the ATMs across the UAE, as per the terms of understanding.
Wish to enroll your company for the payroll solutions? Click here or Call us at 04–355 4560.