Under the WPS, salaries of private sector employees will be transferred through banks, exchange houses or financial institutions authorised by the Central Bank of the UAE to provide the service.

The WPS was developed by the UAE Central Bank, enabling MoHRE to establish a database of wage payments in the private sector and monitor employers’ compliance with paying wages in full and on time.

Payment can be in Emirati Dirham, or in any other currency if it is agreed upon between both parties in the employment contract.