PASSIVE OPERATIONS OF THE BANK
Passive operations are operations for the accumulation of funds. As a result of these operations,…

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Ways to prevent bankruptcy of commercial banks in Russia
During the years of the crisis, which has lasted since 2014, the financial and economic…

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Brunei Offshore: Will Brunei offshore jurisdiction suit you?
Offshore Brunei - a tiny state that bites into the territory of Malaysia and wins…

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Bank requirements for borrowers
Today, it is not only banks, but also small credit organizations that offer a small…

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provision of the service

WPS salary protection system. How to open an account in the UAE and WPS?

When opening a corporate account in the UAE, the bank also provides access to salary payments through the WPS system. In this article we will look at what WPS is and how it works.
What is WPS and how does it relate to opening a bank account in the UAE?
The Wages Protection System (WPS) is an electronic salary transfer system that allows organizations to pay salaries to employees through banks, bureaus and financial institutions approved and authorized to provide this service. Continue reading