First Abu Dhabi Bank (FAB) has signed an agreement with the Ministry of Human Resources and Emiratisation (MOHRE) to launch a unified payment solution for domestic workers.
This will help domestic workers to receive a salary in a transparent and cashless manner, earnings will be deposited directly on to their cards, which are fully integrated and linked to the payit wallet.
FAB will launch an exclusive prepaid dwallet card that will give users instant access to their wages in a secure manner. The solution is an alternative to cash, where domestic workers can bank to bank and now be able to make secure electronic payments and transfer money between friends, pay merchants, pay utilities and charge their phones, and seamlessly send money abroad by integrating them into FAB’s Payit Wallet services.
Hana Al Rostamani, Deputy Group CEO and Head of Personal Banking at FAB, said: “Our partnership with the Ministry of Human Resources and Emiratisation is yet another milestone in our goal to achieve the cashless objective of the UAE. In a world where payment methods are changing, it is more important than ever before to have more payroll options, and we will continuously work on driving growth and efficiency through digital solutions alongside government partners in the UAE.”
Ramana Kumar, Head of Payments & Digital Banking, Personal Banking Group at FAB, said: “We are delighted to work alongside the Ministry of Human Resources and Emiratisation to develop a unified payment solution that will benefit a wider segment of society. Given our extensive expertise in the payments industry, the solution will enable domestic workers to receive monthly salaries in an easy, unified, and secure manner. Instead of providing salaries in cash, they can use the payit wallet and digitally send money to friends and family abroad. FAB is committed to delivering the cashless objective of the UAE through initiatives like domestic worker salary payments.”
