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Employers who register for the Paytime card before Nov 31 for their staff get it free
No extra cost involved and efficient salary transfer method for employer
Card holders can withdraw cash without extra incurred charges
SMS and email updates for both employer and employee
Paytime cards can be used at 650+ NBAD ATMs or any Wall Street branch in UAE
Dubai: 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.
Wall Street Exchange expects take-up by the SME sector to increase considerably during the free service period as more companies realise the benefits of paying their staff in this efficient way which boasts a wealth of benefits for employer and employee alike.
Commenting on the move to offer free registration on Paytime, Mr. Sultan Bin Kharsham, Managing Director of Wall Street Exchange said, "Since the WPS covers all institutions registered with the Ministry of Labour across all sectors and industries, 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. In the digital age, this initiative is a superb example of how Wall Street Exchange works hard to meet the evolving needs of the SME market. When the promotional period ends each card will cost 10 Dhs per employee, so there are substantial savings to be made over the next few weeks, especially for larger SME companies."
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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About Wall Street Exchange
Wall Street Exchange, established in Dubai in 1982, is one of the first companies to provide comprehensive money exchange services in the UAE. The company has been providing a wide range of foreign exchange, money transfer and related services in the region for over 30 years.
Wall Street's continued growth has allowed it to set up a worldwide network that includes offices in the UAE, UK and Hong Kong. With its global reach, local expertise and dedicated staff, Wall Street is the preferred choice for currency exchange and remittances. In addition, Wall Street provides other services such as credit card bill payments and cash advances, National Bonds, Air Arabia, Etisalat, Du, Ding, SEWA and much more.
For press enquiries, please contact:
BUZ Public Relations
Tahira Mehmood / Lisa Drury
Tahira@ibuz.ae / lisa@ibuz.ae
04-3589789
© Press Release 2015
