Wages Protection System

Wages Protection System (WPS) is an electronic salary transfer system that allows institutions to pay worker’s wages through approved and authorized agents approved by Central Bank of UAE, consisting of Banks, Money Exchanges and Financial Institutions.

The system, developed by the Central Bank of the UAE, allows the Ministry of Labour to create a database that records wage payments in the private sector to guarantee the timely and full payment of agreed-upon wages.

Milestones

More than 33,150/ Satisfied Clients
As on 31.12.2020 GCC Exchange has more than 33,150 satisfied clients / establishments and as many as 294,033 employees utilising its quick and efficient services.
One of the first exchange houses to provide a card aptly named Tankhwa, offering a hassle free solution for disbursement of salary.
Ten ATM’s installed at the branches for effortless and seamless disbursement of salary.

Benefits to Employer

Easy to disburse their employee salary
Salary paid / unpaid report is available at any time
Easy salary account reconciliation
Reduces paper work
Integrated with WPS (CBUAE & MOL)

Benefits to the Employee

Salary disbursal on time
Employee can withdraw their respective salary at any time
GCC Exchange – Tankhwa Card
Discounts and privileges available for individuals drawing salary from us as WPS customers