Construction workers can now receive their salaries at their place of residence.
Wall Street Exchange has started disbursing salaries of private sector workers at designated sites through mobile teams.
The service, which comes at no cost to the workers, is available to companies that have signed agreements with Emirates Post to have their workers' salaries paid out through mobile teams of Wall Street Exchange.
The Wall Street teams visit designated venues, usually workers' accommodation sites, on fixed days to disburse the salaries, using laptops and GPRS to enable workers to transfer money to their home countries.
The worker can either transfer money to a beneficiary bank account or send cash within minutes using other available money transfer channels, including Instant Cash and Western Union.
"Wall Street is one of the first companies to offer this value addition of salary disbursal at the doorstep of workers," said Abdul Basit Al Suwaidi, CEO-UAE, Wall Street Exchange.
"We have signed agreements with several companies, involving thousands of workers. The first experience of distributing salaries through our mobile teams was completed in February with a success rate of 99.9 per cent.
“The response from the companies and the workers has been overwhelming." Source
Wall Street Exchange has started disbursing salaries of private sector workers at designated sites through mobile teams.
The service, which comes at no cost to the workers, is available to companies that have signed agreements with Emirates Post to have their workers' salaries paid out through mobile teams of Wall Street Exchange.
The Wall Street teams visit designated venues, usually workers' accommodation sites, on fixed days to disburse the salaries, using laptops and GPRS to enable workers to transfer money to their home countries.
The worker can either transfer money to a beneficiary bank account or send cash within minutes using other available money transfer channels, including Instant Cash and Western Union.
"Wall Street is one of the first companies to offer this value addition of salary disbursal at the doorstep of workers," said Abdul Basit Al Suwaidi, CEO-UAE, Wall Street Exchange.
"We have signed agreements with several companies, involving thousands of workers. The first experience of distributing salaries through our mobile teams was completed in February with a success rate of 99.9 per cent.
“The response from the companies and the workers has been overwhelming." Source
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