Product Overview
Al Bader Exchange offers a comprehensive Wages Protection System (WPS) payroll solution that ensures full compliance with the WPS regulations implemented by the Ministry of Human Resources & Emiratization in coordination with the Central Bank of the UAE.
Our payroll solution supports both corporate clients and domestic workers through a dedicated platform powered by Aspire Gulf Information Technology and a recognized card scheme: Al Bader Pay+.
This Key Facts Statement provides essential information regarding features, applicable fees, and service conditions.
Product Overview: Al Bader Pay+ WPS Payroll Solution
| Feature | Details |
|---|---|
| Product Type | Al Bader Pay+ WPS Payroll Solution |
| Payroll Card Type | Closed Loop Payroll Card |
| Salary Processing | Same-Day Processing (subject to file submission cut-off times) |
| Currency | AED (United Arab Emirates Dirham) |
| Network Acceptance | UAE Only – Usable exclusively at Al Bader Exchange ATM machines |
| Cash Withdrawal Facility | Available 24/7 through ATM machines at Al Bader Exchange branches |
| Cash Dispensing Capabilities | Denominations from AED 10 and above |
Fee Structure – WPS Processing
| Fee Type | Amount (AED) |
|---|---|
| Registration Fee | Free |
| WPS Processing Fee (Per Employee) | AED 5.00 |
| SIF Charges (Per SIF) | AED 25.00 |
| SIF RFR (Request for Refund) | AED 35.00 |
Yearly Bundle Package
| Fee Type | Amount (AED) |
|---|---|
| WPS Processing Fee (Per Employee) | AED 5.00 |
| SIF Charges (Yearly) | AED 250.00 |
Note: The yearly SIF charge covers a maximum of 12 SIFs (1 SIF per month). Additional SIF within a month will be charged an extra AED 25 per SIF.
Al Bader Pay+ Card Fees And Service Charges
| Description | Fee |
|---|---|
| ATM Withdrawal | Free |
| Balance Inquiry | Free |
| Card Issuance / Renewal (3 years) | AED 5.00 |
| Pin Reset | AED 5.00 |
| Replacement (Lost/Damaged) | AED 20.00 |
| Employee Salary Statement Request | AED 20.00 |
| Salary Statement Request for Company in details (Per Month) | AED 20.00 |
| Company Statement Request – SIF Summary (Per Year) | AED 20.00 |
| Cash Withdrawal Discrepancy Reuploading | Free |
| Invalid Cash Discrepancy Claim (after CCTV review) | AED 200.00 |
| Salary paid by Cheque (Rejected due to insufficient funds) | AED 100.00 |
Note:
- 5% VAT will be applied to all applicable charges.
- All charges are payable by the employer, except for card replacement due to loss, theft, or damage, PIN reset, and personal salary statement requests, which are charged to the employee.
Important Warnings
- If salary is transferred to the employee’s personal bank account, additional charges may be applied by the receiving (beneficiary) Bank.
- Cardholders must ensure the confidentiality of their PIN and other security details. Any unauthorized access resulting from negligence will be the sole responsibility of the cardholder.
- Al Bader Exchange reserves the unilateral right to terminate or suspend access to their services for customers who violate any provision of these terms and conditions and engage in fraudulent or suspicious activities.
- Payroll processing may be prohibited, delayed, held, funds frozen, or cancelled due to regulatory or compliance checks.
Note: Al Bader Exchange is licensed and regulated by the Central Bank of the UAE. This Key Facts Statement is issued in accordance with the Consumer Protection Regulation and related Standards.
Al Bader Exchange reserves the right to amend terms and charges as per applicable UAE regulations and internal policy. Changes will be communicated via our branches, official website, or digital platforms.