Wages Protection System
To enhance the welfare of the country’s workforce, the UAE Government has introduced a Wage Protection System, whereby salaries of employees are credited to their accounts directly. CBI is partnering in the WPS initiative by offering related services for all companies registered with the Ministry of Labour.
Companies can now pay salaries through processes that are compliant to the UAE WPS through CBI. The advantages offered by CBI’s Wage Protection System service are that companies have the option of not having to handle cash, disbursements are made speedily, and salary payments can be made through one bank instead of having to rely on different banking channels. The system is also cost-effective.
To partner with CBI on the Wage Protection System, visit your nearest CBI branch or contact our customer care centre, 24x7 at 800CBI (224)