The Wage Protection System (WPS) has been developed by the Central Bank of the UAE allowing Jafza,National Industries Park and Dubai Auto Zone to create a database that records wage payments in the private sector to guarantee timely and full payment of the agreed-upon wages.
How does it work?
WPS is an electronic salary transfer system that allows institutions to pay employees’ wages via banks, exchange houses and financial institutions that are approved and authorised to provide the service by the UAE Central Bank. This service has now been mandated in Jafza, National Industries Park and Dubai Auto Zone in order to protect the basic rights of both Employees and Employers.
To know more details and get an overview download the Wage Protection System PDF document issued by Central Bank of The United Arab Emirates.
Please note that the PDF document will require Adobe Reader to view it.