Feb 8, 2023 1 min read

Dubai Multi Commodities Centre (DMCC) Mandates Wages Protection System (WPS)

Wages Protection System (WPS) mandatory for DMCC members

The Dubai Multi Commodity Centre (DMCC) has implemented Wages Protection System (WPS) for its DMCC members and made it mandatory from 15 February 2023.

The WPS is an electronic salary transfer system that allows DMCC member companies to pay employees’ wages via banks, exchange houses, and financial institutions that are approved and authorized to provide the service by the UAE Central Bank.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

Mercans Recommend

View PDF

Wages Protection System (WPS) mandatory for DMCC members

862.98 KB

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read