Ras Al Khaimah Economic Zone (RAKEZ) has signed a Memorandum of Understanding (MoU) with Edenred UAE, a global leader in payment solutions, to enhance financial accessibility for workers in the industrial sector.
This collaboration introduces the innovative C3Pay payroll card, designed to provide laborers and blue-collar workers with solutions to manage their money.
The MoU, signed by RAKEZ Chief Experience Officer Ian Hunt and Edenred UAE Chief Executive Officer Wael Fakharany, at Compass Coworking Centre in Ras Al Khaimah, facilitates a referral agreement wherein RAKEZ will promote Edenred UAE’s C3Pay services to its registered industrial companies.
Designed specifically for blue-collar workers, the C3Pay payroll card and app offers a simplified salary payment solution. Workers can receive their wages on a card, which they can use across ATMs, retail outlets and online, irrespective of whether or not they have a bank account.
The service is designed to integrate seamlessly into existing payroll systems, offering businesses an easy transition and a streamlined way to manage employee salaries efficiently.
Ramy Jallad CEO – RAKEZ Group
“By introducing the C3Pay payroll cards in collaboration with Edenred UAE, we are advancing our commitment to the welfare and satisfaction of laborers 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 Chief Executive Officer Wael Fakharany, commented that, “Through this MoU with RAKEZ we have the opportunity to share our expertise and facilitate financial inclusivity for laborers in Ras Al Khaimah. The C3Pay cards are tailored to streamline salary payments and provide all employees with a dependable financial tool for their daily transactions, thereby empowering them with more control over their financial resources.”
This strategic partnership with Edenred UAE is part of RAKEZ’s continuous efforts to provide value-adding services to businesses, catering to the diverse needs of its clientele and enhancing operational efficiency and employee satisfaction across various industrial sectors.
