FlexxPay, an instant pay platform, has entered into a partnership with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading banks, to provide innovative payroll services to companies in the Emirates.
Under the partnership, they provide a digital bank account for anyone, a variety of employee benefits, and a comprehensive payroll solution to corporations.
The solution will remove costly payroll cards and time-consuming methods required to process salaries to unbanked employees.
Michael Truschler Co-founder & CEO FlexxPay
“Through the cooperation with ADCB, FlexxPay gives all our clients the option of automatically providing a bank account to all their employees. Once a company signs up with FlexxPay, anyone can open a bank account via the FlexxPay app and avail of all the services we offer. This is a game changer for companies juggling with multiple salary processing methods each month due to having a proportion of their staff without bank accounts. Companies can further choose to sign up to our cloud-based payroll solution – free of cost.”
According to the statement, “As the leading Earned Income Access and Benefits Platform in the MENA region, FlexxPay’s pioneering, Shariah-compliant tech platform allows salaried employees to access a portion of their earned income – whether it be salaries or commissions – whenever they need it and wherever they are.”
The platform offers a payroll solution for companies and other employee benefits such as a savings tool. As part of the cooperation, the UAE companies can now provide digital bank accounts to their unbanked employees via the FlexxPay app, thus giving the employees access to the services and benefits offered by FlexxPay, including the ability to access earned wages on demand.
FlexxPay’s services aim to increase staff motivation, productivity, and sales while reducing absent days and workload for HR teams, as per the company.
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