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

Documents Required

  • Company Trade License copy
  • Local Sponsor Passport Copy and Emirates ID
  • Passport Copy and Emirates ID of Company Owner /Partner/ Manager
  • MOL (Signature card) card copy
  • Emirates id copy of all employee with mobile numbers
  • Employees list
  • Passport Copy and Visa Page of each Employee

WPS Online Registration

The hassle-free way to register your company with us. Kindly fill the below details and our marketing executive will get in touch with you shortly.