The Wage Protection System (WPS) was set up to ensure that companies within the UAE pay their staff correctly. Ratified by the UAE Government in 2009 and supported by the Central Bank of the UAE, this system was the first of its kind in the Arab world and was designed to help companies meet their legal obligations to pay their workers in a timely way.
It also allows the Ministry of Human Resources and Emiratisation (MOHRE) to keep a record of private-sector salary payments so that employers failing to pay their staff on time and in full can be identified. The system, therefore, seeks to protect staff against the late payment (or non-payment) of their salaries.
- GCC Exchange currently serves more than 21000 satisfied clients/businesses, with 200,600 employees taking advantage of its quick and efficient services.
- One of the first exchange houses to offer a card called Tankhwa, which makes salary disbursements hassle-free.
- Every branch of GCC Exchange has more than two ATMs for seamless and effortless salary disbursement