Ras Al Khaimah Economic Zone (RAKEZ) has partnered with global payment solutions provider Edenred UAE to launch the C3Pay payroll card, streamlining salary disbursement for workers in the emirate.
This initiative enables employees to receive their wages directly onto the C3Pay card, eliminating the necessity of opening a bank account. Cardholders can conveniently access their funds at ATMs, make purchases in stores, and shop online. The program is particularly beneficial for low-income earners who may encounter challenges in accessing traditional banking services.
Rami Jallad, Group CEO of RAKEZ, emphasized that 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.
Wael Fakhrani, CEO of Edenred UAE, noted that payroll cards are a reliable financial tool that enables all employees to manage their daily transactions easily and efficiently.
The introduction of the C3Pay payroll card reflects Ras Al Khaimah’s commitment to enhancing financial inclusion and simplifying salary access for its workforce.
For a visual overview of this development, you can watch the following video:
Source: Khaleej Times