ABU DHABI, UAE, September 9, 2011/PRNewswire/ --

- Smart Pay, from UAE Exchange, has over 20,000 corporate clients

"Right decisions are always smart decisions," said Mr. Y. Sudhir Kumar Shetty, COO - Global Operations, UAE Exchange. "Our popular payroll solution, Smart Pay is instrumental in helping companies in taking the right decision by partnering with us for their salary disbursal requirements, thus aligning with the Government’s vision. Today with over 20,000 companies as corporate customers, Smart Pay has emerged into an industry leader."

Smart Pay, the leading payroll solution from UAE Exchange, enables companies to comply with the Wages Protection System (WPS), an initiative from the UAE Ministry of Labour and UAE Central Bank. WPSstreamlines the salary disbursal process and protects the interests of both employers and employees.

Smart Pay reduces the payroll management hassles for companies on one end and empowers the employee class with convenience of receiving error-free monthly income, on the other. Employees can collect their salaries from any of the widely networked branches of UAE Exchange. Smart Pay’s onsite disbursal team also delivers salaries at the employees’ accommodation.

Taking the convenience of the employees to the next level, UAE Exchange joined hands with MasterCard to come up with Smart Pay-MasterCard electronic payroll card. The employees of corporate entities can use this card to withdraw salary from any MasterCard enabled ATM or swipe it on POS machines at MasterCard approved merchant locations to settle their purchase bills.

They can also use it at UAE Exchange proprietary Cash Dispensing Machines (CDM) to withdraw cash. Smart Pay is one of the many quality products from UAE Exchange, which is home for Xpress Money, the leading global instant money transfer brand; Money2anywhere, the online money transfer portal; and Flash, the product for real time account credit; It also offers allied products like credit card bill settlement, air ticket fare settlement, National Bonds / Mashreq Millionaire Certificates etc. UAE Exchange has more than 535 direct offices in 24 countries catering to over 3.5 million customers and contributing 5.28% of the global remittance volume.

For more information log on to http://www.uaeexchange.com

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