RAKEZ Partners With Edenred UAE To Enhance Salary Processing For Blue-Collar Workers

The Ras Al Khaimah Economic Zone (RAKEZ) has partnered with Edenred UAE, a leader in payment solutions, to improve financial access for industrial workers. This collaboration introduces the C3Pay payroll card, aimed at helping labourers and blue-collar workers manage their finances more effectively.

RAKEZ's Chief Experience Officer Ian Hunt and Edenred UAE's CEO Wael Fakharany signed the Memorandum of Understanding (MoU) at Compass Coworking Centre in Ras Al Khaimah. The agreement allows RAKEZ to promote Edenred UAE’s C3Pay services to its registered industrial companies.

The C3Pay payroll card and app are designed specifically for blue-collar workers, providing a simplified salary payment solution. Workers can receive their wages on a card usable at ATMs, retail outlets, and online, even without a bank account.

This service integrates smoothly into existing payroll systems, offering businesses an easy transition and an efficient way to manage employee salaries. It aims to streamline salary payments and provide employees with a reliable financial tool for daily transactions.

RAKEZ Group CEO Ramy Jallad stated, "By introducing the C3Pay payroll cards in collaboration with Edenred UAE, we are advancing our commitment to the welfare and satisfaction of labourers within our industrial sectors. This initiative is aligned with our ongoing efforts to provide secure, convenient, and accessible financial services to employees who might otherwise face challenges in managing their earnings."

Edenred UAE's CEO Wael Fakharany added that this MoU offers an opportunity to share expertise and facilitate financial inclusivity for labourers in Ras Al Khaimah. The C3Pay cards empower employees by giving them more control over their financial resources.

Strategic Partnership Benefits

This strategic partnership with Edenred UAE is part of RAKEZ’s continuous efforts to provide value-adding services to businesses. It caters to the diverse needs of its clientele while enhancing operational efficiency and employee satisfaction across various industrial sectors.

The introduction of the C3Pay payroll card reflects RAKEZ's dedication to improving worker welfare through innovative financial solutions. By promoting these services, RAKEZ aims to ensure that all employees have access to dependable financial tools.

With inputs from WAM