HSBC Bank Middle East has officially launched a new Payroll Card Service in partnership with C3 Card, that allows customers to process salary payments electronically, providing security to the employees similar to a debit card – reported AME Info.
The bank claimed that the payroll card is a PIN protected card and will have the user’s name and passport/labour card number imprinted on the card. The user can access the funds anywhere using any ATM connected to the UAE’s ATM network. The bank said that with the help of this new service, companies employing a large number of low wage earners, can ensure convenient and timely payments of employee salaries.
Paul Edgar, Head of Transaction Banking, HSBC Bank Middle East, said: “Existing wage payment methods have been fraught with inefficiencies as well as posed security issues. With our new and innovative solution, customers can be assured of making prompt payments in an expedient manner, electronically.”
Dubai-based C3 Card provides prepaid card and payroll services across the Middle East.
