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.