Ajman Bank , one of the leading Shariah-compliant banks in the UAE, has partnered with MENSA Technologies , an innovative fintech company, in a strategic alliance aimed at enhancing the delivery of Wage Protection System WPS services across the region. This collaboration combines Ajman Bank's robust banking infrastructure with MENSA Technologies' agile digital payroll solutions to provide seamless and timely salary disbursements to a culturally diverse workforce while meeting all regulatory requirements.
United by a shared vision of financial inclusion and operational excellence, the partnership introduces a next-generation WPS card solution tailored to the needs of today's representative global employee base. Designed to simplify payroll management, the solution empowers employees regardless of income level or banking access with secure, regulated financial services that extend beyond traditional cash-based systems.
This partnership reflects Ajman Bank's strategic focus on embedding innovation into core banking infrastructure to support national priorities. By integrating agile digital payroll solutions with Shariah-compliant financial services, we are enhancing the wage protection ecosystem in a way that is secure, compliant, and scalable. It enables employers to meet regulatory obligations efficiently, while expanding access to banking for underserved segments of the workforce. As the financial system evolves, Ajman Bank remains committed to delivering purposeful innovation that advances both customer value and economic resilience.
- Mr. Mustafa Al Khalfawi, CEO, Ajman Bank.
