Bill circulation in the bank
Bill circulation exists in the economic life of various countries for several centuries. During this time, considerable experience has been gained in the use of bills of exchange; there are…

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Interesting facts about loans and banks
Modern Russians have long appreciated all the delights of loans that can be taken at any time, in virtually any amount, for any time frame and with minimal interest rates.…

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Questions about offshore banking and offshore banking
Offshore banks and offshore banking raise many questions: what is offshore banking and how are offshore banks different from normal? What are the advantages of an offshore bank and what…

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Theoretical aspects of cash and settlement services for individuals and legal entities
The banking system is a combination of credit institutions and various types of national banks operating through a monetary mechanism. Commercial banks are banks, service organizations, as well as their…

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banks themselves

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