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Western Union
WU, a leader in global payment services, and
Commercial Bank of Dubai (CBD) today announced they will work together
to introduce a co-branded prepaid payroll card in the United Arab
Emirates.
The CBD Western Union® Payroll Card, which is expected to be available
this summer, follows the introduction of the UAE government-mandated
Wages Protection System (WPS), which requires that all workers in the
UAE receive their payroll electronically – deposited into a bank account
or onto a prepaid card.
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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