GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share


Dubai, 18 May 2017: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers.

Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new initiative was brought into operation on the occasion of the 11th anniversary of Smart Pay. The first transaction was conducted at Le Meridian Hotel, Dubai.

The Mobile Exchange is a first-of-its-kind initiative in the UAE. As a pilot, the Mobile Exchange will travel across Dubai only. It will be stationed at key locations, reaching out to all major labour camp areas. Customers can withdraw their salaries during their visit to the mobile exchange.

During the launch, Promoth Manghat, CEO, UAE Exchange Group, said: “We have always been a technology-driven and customer-centric entity. Smart Pay was one of our revolutionary products, which combined technology with convenience, enhancing customer experience, especially for those in the lower rung of the economic pyramid. Today, with the introduction of the Mobile Exchange, we have taken the convenience further by bringing the salary disbursal service right at customers' doorsteps. As Smart Pay completes 11 years today, I believe this is the best gift which the brand can bring to its end users. I thank the regulators, our principal partner MasterCard, customers and well-wishers on this occasion.”

Smart Pay was first launched by UAE Exchange in 2006 as a solution to the customers' challenges in getting salaries as cash on time. Today, it has become an effective compliant, transparent and reliable mechanism in streamlining the salary disbursal process both for the corporate employers and their employees. Smart Pay also offers cost-effective customisable payroll solutions to organisations which are WPS-compliant and are located in free-zone areas. 

In 2009, Smart Pay joined hands with the UAE Ministry of Labour to promote and educate the various corporates on the newly-launched WPS.  And in 2010, Smart Pay Payroll card was introduced by UAE Exchange which enabled the corporate employers to easily credit the salaries to the pre-paid card while the employees could withdraw their salaries through the card anywhere anytime.

In terms of business, Smart Pay has strengthened year-on-year, with nearly 6 million salaries disbursed each year that amounts to approximately AED 9 billion. It offers its customers with various value-added services and has also invested in revamping its Smart Pay portal to make it more user friendly – both for the employer and employee. 

Smart Pay is also coming up with additional features like the Reward Programmes and standing instruction mode of remittance that is bound to further enhance the customer experience. 

 

 



Posted by : GoDubai Editorial Team
Viewed 9315 times
Posted on : Thursday, May 18, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ria Money Transfer Officially Launches Operations in GCC Countries and Announces Key Partnerships
Next Story : Reebok Growing Plant-Based Footwear
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Three Trends to Try with Palladio Beauty
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Lip Stick to my Heart - GOSH New Collections
Carrera UAE Exhibition
bebe Launches First Ever Ramadan Capsule Collection
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Toyota Rush makes a new beginning in the UAE
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Do Explore More with Pandora
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Marchon Eyewear New Collections
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Caudalie The Cleansing Collection
Make Ramadan Better With the Gift of Sharing
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
The Balmain de Balmain II Mini is a true win-win
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Facebook Launches Youth Portal, a Central Place for Teens
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Breitling's Navitimer 8 Collection Arrives in The Middle East
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
CND™ Boho Spirit: The Collection Summer 2018 Shades
Global Rollout of LGG7 Thinq Gets Underway
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Pick what suits you from essence Spring/Summer 2018 nail polish collection
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
1st Edition of Cannes International Film Festival From May 8 to 19, 2018
du Helps You Stay Connected this Ramadan with Exclusive Offers Throughout the Ho...
White Man & Woman Focuses on Innovation and Sustainability With Patagonia at Whi...
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
OMEGA Welcomes Sailing Sensations Peter Burling and Blair Tuke as Brand Ambassadors
Revel in the all-new Mango Memory Menu – a summer treat by Moombai & Co
Get Your Nails Summer Ready with FC Beauty
Dubai Festival City is the place to be this Ramadan
A Nose for Great Sound