[UAE] Ajman Bank and MENSA Technologies' new WPS card solution

In the UAE, Shariah-compliant Ajman Bank has partnered with fintech company MENSA Technologies for a strategic alliance to enhance Wage Protection System (WPS) service delivery across the region, TechAfrica News reports.

The collaboration will combine Ajman Bank’s robust banking infrastructure with MENSA Technologies’ agile digital payroll solutions to provide seamless and timely salary disbursements to a culturally diverse workforce, while ensuring compliance with regulatory requirements.

The partnership reportedly introduces a next-generation WPS card solution tailored to the needs of today’s representative global employee base. Designed to simplify payroll management, the solution empowers employees, irrespective of their income level or banking access, with secure, regulated financial services that extend beyond traditional cash-based systems.

Mustafa Al Khalfawi - CEO, Ajman Bank - said, “This partnership reflects Ajman Bank’s strategic focus on embedding innovation into core banking infrastructure to support national priorities. By integrating agile digital payroll solutions with Shariah-compliant financial services, we are enhancing the wage protection ecosystem in a way that is secure, compliant, and scalable. It enables employers to meet regulatory obligations efficiently while expanding access to banking for underserved segments of the workforce. As the financial system evolves, Ajman Bank remains committed to delivering purposeful innovation that advances both customer value and economic resilience.”

This initiative reinforces the infrastructure for compliant, transparent, and inclusive salary disbursement. Something that is key to the UAE’s evolving financial ecosystem.

Dr Mengsha Tan - Chairwoman, Mensha Group - said, “This WPS Cards and Wallets initiative is a powerful testament to Mensha Group’s commitment to advancing financial inclusion. Through MensaPay and Mensa Technologies’ innovation, combined with Ajman Bank’s trusted banking framework, we are providing individuals with the financial tools they truly deserve, contributing significantly to the UAE’s ambitious journey.”

Muhammad Ashraf - CEO, MensaPay - said, “At MensaPay, we are immensely proud to enable this significant stride towards financial inclusion and a cashless society in the UAE, Our advanced technology underpins MensaPay’s ability to deliver a compliant, efficient, and user-friendly solution with Ajman Bank, opening doors to essential financial services for the underbanked.”

The partnership reportedly represents a significant step in reinforcing the UAE’s wage protection framework and ensuring financial accessibility for all.

Source: TechAfrica News

(Quotes via original reporting)

In the UAE, Shariah-compliant Ajman Bank has partnered with fintech company MENSA Technologies for a strategic alliance to enhance Wage Protection System (WPS) service delivery across the region, TechAfrica News reports.

The collaboration will combine Ajman Bank’s robust banking infrastructure with MENSA Technologies’ agile digital payroll solutions to provide seamless and timely salary disbursements to a culturally diverse workforce, while ensuring compliance with regulatory requirements.

The partnership reportedly introduces a next-generation WPS card solution tailored to the needs of today’s representative global employee base. Designed to simplify payroll management, the solution empowers employees, irrespective of their income level or banking access, with secure, regulated financial services that extend beyond traditional cash-based systems.

Mustafa Al Khalfawi - CEO, Ajman Bank - said, “This partnership reflects Ajman Bank’s strategic focus on embedding innovation into core banking infrastructure to support national priorities. By integrating agile digital payroll solutions with Shariah-compliant financial services, we are enhancing the wage protection ecosystem in a way that is secure, compliant, and scalable. It enables employers to meet regulatory obligations efficiently while expanding access to banking for underserved segments of the workforce. As the financial system evolves, Ajman Bank remains committed to delivering purposeful innovation that advances both customer value and economic resilience.”

This initiative reinforces the infrastructure for compliant, transparent, and inclusive salary disbursement. Something that is key to the UAE’s evolving financial ecosystem.

Dr Mengsha Tan - Chairwoman, Mensha Group - said, “This WPS Cards and Wallets initiative is a powerful testament to Mensha Group’s commitment to advancing financial inclusion. Through MensaPay and Mensa Technologies’ innovation, combined with Ajman Bank’s trusted banking framework, we are providing individuals with the financial tools they truly deserve, contributing significantly to the UAE’s ambitious journey.”

Muhammad Ashraf - CEO, MensaPay - said, “At MensaPay, we are immensely proud to enable this significant stride towards financial inclusion and a cashless society in the UAE, Our advanced technology underpins MensaPay’s ability to deliver a compliant, efficient, and user-friendly solution with Ajman Bank, opening doors to essential financial services for the underbanked.”

The partnership reportedly represents a significant step in reinforcing the UAE’s wage protection framework and ensuring financial accessibility for all.

Source: TechAfrica News

(Quotes via original reporting)