Workers’ Equity Holding (WEH), the leading UAE payroll processor, has partnered with Al-Bader Exchange, to launch a unique payroll service for the country's migrant worker population.

The solution enables migrant workers to receive their salaries on special ATM cards, issued by Al-Bader Exchange, and access their cash through a ‘private network’ of ATM machines installed by Workers’ Equity at Al-Bader Exchange Houses across the country.

The initial phase allows for cash withdrawals and account balance statements and reports. Over the next few months, more services will be rolled out including automated remittance solutions and mobile top-ups.

“Handling and distributing cash salaries to migrant workers on a monthly basis requires considerable resources which automation significantly diminishes,” said Adel Ahmed Khoury, general manager, Al Bader Exchange.

“Not only do we reduce our costs for companies, we also provide the workers with better, quicker, more secure services. The new service allows us to better position ourselves in a competitive remittances market that is forecasted to grow at 10-12 per cent in 2011.”

Al-Bader Exchange currently services over 5,000 employers catering to around 50,000 workers in the United Arab Emirates (UAE), who will all now have access to the network.

“In this case, our solution helps companies adhere to the UAE government's WPS and reduces the overall cost all along our value chain, reaching the beneficiaries,” added Ibrahim Darraz, general manager of Workers' Equity Holding.-TradeArabia News Service