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Wages Protection System

Integrating with Wages Protection System

The Wages Protection System (WPS) of Central Bank of UAE is developed to regularise the payment process of private sectors and to guarantee a timely and full payment of agreed-upon wages. Ascent AutoRecon© configures with various WPS solutions and updates the dashboards in real-time.

End-to-end process of WPS

WPS is an electronic salary transfer system that allows every employer to pay its workers via banks, bureaux de change, and other authorized financial institutions. It involves various parties like workers, employers, banks and agents.

WPS Parties

  • Employees: Every individual who works in the private sector in return for agreed-upon wages and who has a labour card issued by the Ministry
  • Employers: Whoever owns a company or institution registered with the Ministry and hires one or more workers in return for agreed-upon wages
  • Banks: A financial institution, where the employer has a bank account with
  • Agent: Any bank, Bureau De Change, or financial institution approved and authorized by the Central Bank of the UAE to offer wages payment services via WPS. The Central Bank of the UAE will issue a regularly updated list showing names of approved and authorized agents.

AutoRecon© Functionality

  • Seamlessly integrates with WPS account and other upstream systems of respective employers, employees and agents
  • Configures with various WPS solutions like Rateb Card, Finacle, WPS-Inward, WPS-Outward etc.,
  • Extracts and matches all rejected and accepted salary files
  • Balances Refunds & Settlements, Returns from Agents etc.,
  • Updates the dashboard of Central Bank, which will be further updated in database of Ministry of Labour