Dubai – June 14th, 2010 - Leading UAE payroll processor Workers Equity Holding (WEH) and mobile solutions provider Luup today joined forces to bring a comprehensive mobile money transfer (remittance) solution to the market. The agreement opens way for WEH’s customers to seamlessly remit money home from their mobiles, in partnership with financial institutions.
Remittances out of the UAE alone will grow 10 to 12 percent this year driven by the vast
population of migrant workers. “Workers Equity plays a crucial role in offering payroll cards and electronic salary disbursement services under the umbrella of the UAE Central Bank Wage Protection System (WPS). The agreement with Luup, intended to mobile enable international remittances directly from payroll cards, offers a lifeline to thousands of families,” said Ibrahim Darraz, General Manager, WEH.
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