KFS - WPS

KEY PRODUCTS & SERVICES

Wages Protection System Termed as “Payez” at Al Fardan Exchange is a complete payroll solution for corporate entities and their employees, fully compliant with Wages Protection System (WPS) law implemented by Ministry of Human Resources & Emiratization, in conjunction with the Central Bank of the UAE.

Al Fardan offers the service by uploading the SIF file to WPS under CBUAE and processes the salaries to customers cards upon receipt of PIF file from CBUAE.

The Payez product offers below types of variants.

1.Payez (Mercury) -is the product under which the cards are issued and accepted under the network where Mercury Scheme cards are accepted. These are mainly domestic usage cards.

2.Payez (Master Card)- is the product powered by MasterCard and managed by EDENRED (erstwhile C3) and can be used at all locations wherever MasterCard cards are accepted globally.

Payez (Mercury)

Country

All (Works at Mercury enabled Netwrok only)

Payout currency

All

Mode

Through Integration

Note: All Charges are excluding VAT

Type of charge

salary processing
Salary withdrawal ATMs
Balance Inquiry ATMs
International withdrawal at ATMs
International Balance Inquiry at ATMs
Replacement of Lost / Stolen / Damaged Card
Card issuance
SMS charge
Employee Statement
Decline Charge

Charges

Type Charges	Minimum	Maximum
Salary processing (To Employer)	AED 0.25	AED 1000
Salary withdrawal ATMs (Domestic) (To Card Holder)	AED 2	AED 2
Balance Inquiry ATMs (Domestic) (To Card Holder)	AED 1	AED 1
International withdrawal at ATMs (To Card Holder)	AED 25	AED 25
International Balance Inquiry at ATMs (To Card Holder)	AED 5	AED 5
Replacement of Lost / Stolen / Damaged Card (To Card Holder)	AED 10	AED 10
Card issuance (To Card Holder)	AED 0	AED 5
SMS charge (To Card Holder)	AED 1	AED 1
Employee Statement (To Card Holder)	AED 25	AED 50
Decline Charge (To Card Holder)	AED 1.5	AED 1.5

Delivery timelines

Same day

Payez (Mastercard)