UAE- Wall Street launches Paytime card

Date

11/27/2015 4:05:27 PM

(MENAFN- Khaleej Times)

Wall Street Exchange the leading money transferor in the region is promoting its efficient employee salary transfer scheme to the SME market with a free registration period.

The "Paytime" card was introduced by Wall Street to enable employers to adhere to the Wages Protection System introduced by The Ministry of Labour and Central Bank of UAE. The service ensures the timely payment of wages for blue collar workers and also boasts a wealth of benefits for employer and employees alike.

Sultan bin Kharsham managing director of Wall Street Exchange said: "We have received a favourable response from many interested parties who want to secure Paytime cards for their employees after learning that there are no registration charges."

Paytime involves a number of benefits for employees like free basic medical insurance free cash withdrawal from over 650 NBAD ATMs across the UAE SMS notification free salary deposits to any Wall Street branch or bank accounts cash withdrawal or purchase facility available locally and globally free online portal for WPS non-WPS bank account transfers free bank account opening cashless camp remittance facility free initial deposit free cash withdrawals and cash withdrawals that equal to less than AED100.

Benefits for employers include email notification minimisation of efforts and time spend on salary disbursal physically and cash deposit option through CDM. Paytime card holders can make transaction enquiries by texting "Paytime" to 6556 where only the standard fee for the service provider applies without any additional charges.

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