The Central Bank of the UAE implemented the UAEWPS in 2009 to meet the Ministry of Labor’s objectives (currently known as the Ministry of Human Resources and Emiratisation). The UAEWPS seeks to provide a safe, secure, efficient and robust mechanism to streamline the timely payment of wages to employees by their employers. Since its launch, the UAEWPS has been adopted by many different authorities in the UAE.
UAEWPS information flows from the employer to one or more of the contracted agents for wage payments to employees. The CBUAE secures the employer’s funds before dispatching the wage information to the agents. The efficiency and governance of the system are ensured by compliance with domestic and international standards, as well as the system’s Rules document.
The system empowers the CBUAE, and thereby the Labor Regulatory Authority (LRA), with the functionality that allows the effective monitoring of the payment of wages by the employers to their respective employees.
High-level functionalities of the UAEWPS include:
Monitoring fund flows
Accepting fund transfers from an employer’s bank to agents, with balances maintained at the employee level
Providing an employee’s salary details to specific agents
Receiving and processing:
- Receipt confirmation from agents against wages to be paid to employees;
- Disbursement information from agents against wages that they have paid to employees;
- Refund requests from employers;
- Refund responses from agents.
Providing frequent data feeds to LRA to enable effective monitoring
Minimum UAEPWS Participation Requirements
The Applicant must:
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Last updated on: Thursday 28 July 2022
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