QPAY has joined forces with MasterCard to launch the first Wage Protection System (WPS) salary card platform in Qatar for low-wage immigrant labourers.
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QPAY offers a cloud-based WPS IBAN platform that has been designed for white-label or private label to banks, financial institutions, retailers and telecom organisations.
The platform enables corporate clients adhere to new labour payment laws by the Qatar Central Bank and the Qatar Ministry of Labour & Social Services, and offers a Qatari IBAN bank account to immigrant labourers.
QPAY International CEO and founder Nebil Ben Aissa said: "We have chosen MasterCard as our partner, thanks to its global market reach, and because it offers us the ability to design a local Qatari product that promotes labourer financial inclusion in Qatar as well as their home country.
"Labourer financial inclusion is very important to the Qatar Central Bank and QPAY; as a result, our partnership with MasterCard enables us to offer the best and most innovative product, for the lowest cost while maintaining full compliance with Qatari Government laws.
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By GlobalData"Our partnership with MasterCard helped us design a WPS solution which defends the labourers’ human rights and forces employers to pay labourers on time and in full, while promoting safe and secure electronic pay which aligns with Qatar’s 2030 e-vision."
