Fully automated, user-friendly, and secure
Hassle-free integration with major core banking systems
Seamless integration with corporate internet banking
Creation and download of SIF to register and manage database online
Teller disbursement/bulk offline disbursement of salaries
Automated salary processing based on the payroll maintained
Variations of WPS online to manage corporate payroll
The Automated wage payment systems called Wages Protection System (WPS) has operated for many years now across the GCC and served as an effective means of codifying, regulating and assuring the timely payment of employee salaries. Back in 2009, the UAE was the first of the GCC countries to officially endorse the WPS regime. The GCC set will now be completed with Bahrain announcing the implementation of a phased wages protection system in Bahrain in September 2019.
Of the six GCC countries, implementation of the Wages Protection in Bahrain was subject to various delays but the Central Bank of Bahrain is making a gradual pace to implement Wage payment system after the announcement in September 2019. WPS is still at the administrative stage of the course. Nevertheless, we understand that the Wages Protection Bahrain will function on a phased basis, targeting corporates, medium and small sized companies. It is not, still, clear at this phase what the controls and measures vital for Wage payment system will be or the completion dates for the phased approach of execution.
The Central Bank of Bahrain is enforcing the Wages Protection Bahrain through WPS which allows the generation of a database that archives wage payments in the private sector to promise the timely and full payment of agreed-upon wages. The WPS for corporates covers all corporates registered across all industries.
Unity has introduced WPS online which is the WPS for corporates. It is an online version of WPS Pro for banks and financial institutions for serving corporate clients. Organisations can enter their payroll into the Wage payment system online and get the payments processed automatically. Additionally, WPS for corporates provides customers with the convenience of facilitating the processing of salary at their premises. With this Wage payment system, your clients can easily manage their payrolls with less paper-work and other hassles and also with higher efficiency and transparency.