• Home
• /
• Local business

Al Ansari Exchange expands WPS network to 5,515 firms

ABU DHABI — Al Ansari Exchange’s has expanded its services under the Wages Protection System or WPS, a payroll regulation required by the Ministry of Labour and the Central Bank, to 5,515 companies in the country, providing secure and convenient disbursement of salaries.

In order to facilitate its expanding network, the Abu Dhabi-based Exchange company has opened five new branches in Dubai’s Sonapoor area, Muhaisnah; and Al Khail Mall, Al Qouz, and in Sharjah, in addition to another soon-to-be opened branch in Abu Dhabi’s Yas Island.

The company has also recently unveiled the Al Ansari Exchange Mobile Branch, which provides a host of salary disbursal services in accordance with the highest security standards.

“The WPS scheme has been designed and implemented by the UAE Ministry of Labour and Central Bank to ensure security and accountability for employees and employers, and we are partnering with local businesses and injecting WPS compliance in their payroll systems,” said Mohammad Ali Al Ansari, Managing Director.

As a key member of the Consulting Committee of WPS he said “Al Ansari Exchange will continue to take major strides to promoting its compliance among local organisations.”

business@khaleejtimes.com