Domestic Workers Salary service
Paying your domestic worker's salary is now easier with us
Domestic Worker Salary service
Simplifying salary payments of the domestic worker's
Welcome to Wall Street Exchange's service designed to simplify the process of paying domestic workers' salaries in the UAE.
Our Domestic Workers Salary payment service is built on the foundation of the UAE's Wage Protection System (WPS), ensuring that all salary transactions are secure, transparent, and compliant with regulations set by the Ministry of Human Resources and Emiratisation (MOHRE).
Key Features of our service:
Secure Salary Payments: Employers can securely transfer salaries directly into the bank accounts of domestic workers, eliminating the need for cash transactions and ensuring the safety of funds.
WPS Card Issuance: Domestic workers enrolled in our service will receive a WPS Card, providing them with seamless access to their salaries through ATMs and payment terminals across the UAE.
Official Proof of Salary Payments: Employers will receive official proof of salary payments, helping them maintain accurate records and ensuring compliance with MOHRE regulations.
Convenient Payment Options: Our service offers multiple payment options, allowing employers to choose the method that best suits their preferences, whether it's through our branches, online platforms, or mobile apps.
Free ATM Cash Withdrawals: Domestic workers can enjoy free cash withdrawals from RAK BANK ATMs across the UAE, making it easy for them to access their salaries whenever needed.
In-Branch & Online Payments: The WPS Card enables domestic workers to make in-store and online payments hassle-free, enhancing their financial flexibility and convenience.
My Salary App: Domestic workers can track their salary balances and transaction records conveniently through our My Salary App, providing them with greater visibility and control over their finances.
Over AED 22 billion in salaries processed
We are approved and authorised by the Central Bank of the UAE to provide WPS and non-WPS payment services. With over 10 years of experience in the industry, Wall Street has processed upwards of AED 22 billion in salaries.
Why Choose Wall Street Exchange:
Trusted Reputation
With over 40 years of experience in the financial industry, Wall Street Exchange has earned a reputation for trust, reliability, and excellence in service delivery.
Compliance and Transparency
Our Domestic Workers Salary Payment Service is fully compliant with UAE's WPS regulations, ensuring transparency and fairness in all salary transactions.
Convenience and Efficiency
We prioritize convenience and efficiency, prompt customer support, and a range of convenient payment options to meet our customers' needs.
Dedicated Support
Our team of dedicated professionals is committed to providing exceptional support and guidance to employers and domestic workers, ensuring a smooth and satisfactory experience with our service.
Get Started Today:
Ready to experience the benefits of our Domestic Workers Salary Payment Service? Visit any of our 33 branches across the UAE or contact us to learn more and enroll in our service. Empower your domestic workers and streamline your salary management process with Wall Street Exchange.
Already a Paytime member?
Eligibility & Documentation
Eligibility
- Your company must be registered with the UAE Ministry of Labour
- Your company must have a bank acccount with a bank in the UAE
- Your company should pass our due diligence
- Your company should be able to enter into a contract with us
Documentation
- Valid trade license
- Copies of passport and visa page/Emirates ID for all sponsors, partners and managing directors
- Memorandum of Association (MOA) or Articles of Association (AOA)
- For Freezone entities - share certificates and register
- Customer Profile booklet filled and signed (get in touch to receive it)
*This is not an exhaustive list of documents
What are the documents required for domestic workers?
- Passport copy & Emirates ID of both employer and employee.
- Signed and stamped Paytime agreement
What types of domestic workers are eligible for enrollment in the service?
Our Domestic Workers Salary Payment Service is designed to cater to a wide range of domestic workers, including housemaids, nannies, cooks, drivers, gardeners, and other household staff. As long as the employer has a valid contract with the domestic worker and adheres to MOHRE regulations, they can enroll in our service to streamline salary payments.
Are there any fees associated with using the Domestic Workers Salary Payment Service?
Yes, specific fees may apply based on the chosen payment options or additional services requested. However, we strive to offer our services with minimal fees to ensure affordability for all users. We encourage employers and domestic workers to inquire about fee structures during the onboarding process or contact our customer support for detailed information.
Is there a limit on the amount that can be transferred as a domestic worker's salary?
While there is no specific limit on the amount that can be transferred as a domestic worker's salary, employers must comply with MOHRE regulations regarding minimum wage requirements and salary agreements outlined in the employment contract. Our service facilitates secure and compliant salary transfers within the legal framework established by MOHRE.
Can domestic workers track their salary transactions and balances in real-time?
Yes, domestic workers enrolled in our service can track their salary transactions and balances in real-time through our My Salary App. The app provides comprehensive insights into salary deposits, withdrawals, and remaining balances, empowering domestic workers with greater financial visibility and control.
How can employers enroll in the Domestic Workers Salary Payment Service?
Employers can easily enroll in our service by visiting any of our 33 branches across the UAE. Our dedicated staff will assist in the enrollment process, including setting up secure salary transfers, issuing WPS Cards for domestic workers, and providing guidance on using our payment options effectively.
How does the service ensure the security and confidentiality of salary payment information?
We prioritize the security and confidentiality of salary payment information through robust encryption protocols, secure data storage systems, and stringent access controls. Our service complies with finance industry standards for data protection and privacy, ensuring that all sensitive information always remains safeguarded.
Contact Us:
For specific inquiries or assistance related to our Domestic Workers Salary Payment Service, please feel free to contact us via phone or email. Our dedicated customer support team is available to address your queries, provide guidance on enrollment, and help with any issues or concerns you may have.
- Phone: 04 42269871
- Email: customerservices@wallstreet.ae, paytime@wallstreet.ae
- Branch Locations: Locate here