- Leader in payment services issues first EMV prepaid salary card in the UAE -
Dubai: The UAE and region's first EMV prepaid salary card has now been issued by UnionPay International, a global provider of high quality, cost effective and secure cross-border payment services to the world's largest cardholder base. Through UnionPay's recent prepaid salary cards, banks in the UAE can now offer workers secure and advanced payment services conforming to the country's Wage Protection System (WPS), at economic costs.
By using UnionPay prepaid salary cards, workers can benefit from a wide set of privileges similar to those of regular electronic banking including global withdrawal, and global Point of Sales Purchases. Cardholders will have global access to their finances as well as the ability to withdraw from their home country. This card issuance runs in line with UnionPay International and the country's aim to empower the labor segment through the Wage Protection System, a system by the Central Bank of the UAE developed to better protect labor.
Likewise, prepaid salary cards have been issued by a number of financial institutions in the UAE but this one represents the first of its kind based on EMV and contactless card technology. Han Wang, General Manager, UnionPay International Middle East said: "Once again, UnionPay International partners with leading local banks and payment processing companies to offer labour a secure and robust payment scheme. With UnionPay's financially viable EMV prepaid salary cards, banks can guarantee labour have access to an array of benefits and a global access to their funds."
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About Union Pay International
Established in March 2002, UnionPay International is a convenient and internationally accepted payment network building the bridge between buyers and sellers through different payment methods which vary from ATM cash withdrawal, to POS terminal for purchase and even online payments.
For further information, please contact:
Jing Leng
Tel.: +971-4-4345642
Email: lengjing@unionpayintl.com
Lina Arke, Account Executive, H+K Strategies
Tel.: +971-56-174 2468
Email: Lina.Arke@hkstrategies.com
© Press Release 2016
