UAE: New salary card announced for workers in Ras Al Khaimah

A new salary card for workers was launched in Ras Al Khaimah, making it easier for low-income earners to manage their money, it was announced on Friday.

With the C3Pay payroll card, workers in the emirate won't have to open a bank account for their salaries.

Recommended For You

Tom Cruise to receive honorary Oscar in career first

Shah Rukh Khan makes history as first star with Dubai skyscraper named after him

UAE weather: Temperatures to drop; cloudy day expected

India: New Delhi car bomb accused appears in court

Dubai seizes 519 vehicles, 12,367 cylinders for illegal LPG filling, distribution

 

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

The Ras Al Khaimah Economic Zone (Rakez) signed a memorandum of understanding with global payment solutions provider EdenRed UAE to implement the new project.

Employees will be able to receive their salaries directly on the card and use it easily at ATMs, stores, and online, without the need to have a bank account, the authorities said.

The initiative aims to provide financial solutions that facilitate the process of paying salaries, especially for employees who may face challenges in accessing traditional banking services, said Rami Jallad, group CEO of Rakez.

Wael Fakhrani, CEO of Edenred UAE, said: “Payroll cards are a reliable financial tool that enables all employees to manage their daily transactions easily and efficiently."

ALSO READ: