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Everything You Need to Know About Wage Protection System (WPS) in the UAE

Expatriates from more than 200 nations live in the UAE, contributing to the country\’s economic development and advancement. The Income Protection System (WPS) was established by the UAE government to make payments and wage distribution easier. Expatriates from almost 200 nations live in the UAE, contributing to the country\’s economic development and general advancement. The

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How technology transformed the way we send money home in 2022

In 2021, the World Bank projects that remittances to poor and middle-income countries will grow 7.3% to $589 billion. According to a Washington-based lender at the time, stronger oil prices and the resulting rebound in economic activity also contributed to the recovery of outward remittance in UAE. The Mena region experienced an increase in remittances

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Kamel Pay and Mastercard launch new card propositions to drive financial inclusion in the UAE

PayD Card and Centiv Card to serve labor force in the UAE and support micro-SMEs by digitizing everyday transactions Dubai, UAE, 10 May 2022. – Kamel Pay, a leading fintech in the region, has partnered with Mastercard to launch two innovative payments solutions for businesses and individuals in the UAE. The partnership will see the launch

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The Future of Digital Banking in the UAE 2022

The arrival of new banking solutions based on mobile apps and competition from non-banking organizations is forcing traditional banks to embrace digital transformation quickly to stay competitive. Digital banking services in the UAE have been on par with global developments since ATMs were introduced, then Internet banking, mobile banking, and recently non-banks entered the market

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