UAE Exchange awards employers for excellence under Smart Pay Appreciation Programme 2012

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“We salute UAE Government’s vision for the welfare of the employees in the UAE by implementing Wages Protection System (WPS). And we appreciate the companies’ commitment to support this great vision by partnering with Smart Pay.”, observed Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, on the occasion of the awards ceremony of the third edition of Smart Pay Appreciation Programme.

UAE Exchange recognised top 23 corporate entities, who partnered with the leading payroll solution, Smart Pay, to address their salary disbursal requirements. This unique partnership helped the entities in complying with WPS, an initiative from the UAE Ministry of Labour and the UAE Central Bank. Smart Pay has been a trusted channel for over tens of thousands of corporate entities, which supported the Government’s vision of streamlining the salary disbursal process.

Mr. Shetty further added, “We take this opportunity to thank the Ministry of Labour and the Central Bank for the encouragement and guidance extended to the corporate world and its employees. Apart from that Smart Pay’s path to excellence under their invaluable guidance has been a great learning experience in itself. Today Smart Pay is a leading name in the market. Thanks to our partnership with tens of thousands of corporate entities, we could retain the No. 1 position among payroll solutions offered by remittance brands, as per WPS statistics in 2012. This is the third consecutive year of Smart Pay being on the zenith.”

Mr. Varghese Mathew, Country Head – UAE Exchange UAE, said, “We are extremely delighted on being able to conduct the third edition of the Smart Pay Appreciation Programme, recognising our partners in excellence. We have always stood for excellence and for those who strived to achieve it. Our clients have always encouraged us on our path to excellence, due to which we could bring them many conveniences like Smart Pay Payroll Portal, salary collection within two hours of fund upload, widest network of branches to collect salaries, MasterCard powered payroll card and more. Today, we are giving a standing ovation to our clients, who excelled in their pursuit for the best. This award is our token of appreciation for those, who did their best in 2012.”

Smart Pay offers its partnering employers confidentiality, security, technologically advanced processes, easy disbursal at UAE Exchange branches and labour camps, professional relationship management etc., cost effectively. The Smart Pay Payroll Portal, launched in the last Smart Pay Appreciation Programme, has enhanced their convenience multi-fold. They can now easily monitor their salary disbursal process, right from their desks.

For the employees of these entities, Smart Pay offers convenient, secure and timely salary pick up facility at any of the widely networked UAE Exchange branches in the UAE. To enhance their convenience, UAE Exchange, in association with MasterCard, has introduced the Smart Pay-MasterCard electronic payroll cards. These cards empower them to withdraw salary through any MasterCard enabled ATM and to shop by swiping it on Point of Sale (POS) machines at MasterCard approved merchant locations. The employees can also withdraw money from UAE Exchange’s Cash Dispensing Machines (CDM) installed across all Emirates.

Smart Pay is one of the many successful proprietary products offered by UAE Exchange. The other products from the leading global remittance and foreign exchange brand include Xpress Money, the leading global instant money transfer brand; Money2anywhere, the online money transfer portal; FLASHremit, the product that facilitates real time account credit; gocash, the multi-currency prepaid travel card; and XPay, the easy payment facility through mobile phone. Apart from these products UAE Exchange also offers quality service through its strong global network of over 700 direct offices spanning 30 countries across five continents. Its correspondent relationship with over 150 global banks strengthens the network.

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