Al Fardan Exchange launches Payez payroll card in partnership with Mercury
Mita Srinivasan
10X Technology

Al Fardan Exchange launches Payez payroll card in partnership with Mercury

New Wages Protection System card to provide enhanced acceptance to customers with access to POS and ATMs in the UAE

Al Fardan Exchange has launched their enhanced ‘Payez’ payroll card in partnership with Mercury, the UAE’s domestic payment scheme. Through the Mercury payment network, Al Fardan Exchange would now be able to provide its existing Wages Protection System (WPS) customers access to Point of Sale (POS) & wider ATM acceptance for its cardholders. Salaries transferred via Al Fardan’s Payez card will allow users to pay with their card at all Mercury-enabled POS terminals at various merchants, and to perform cash withdrawals at Mercury’s ATM network across the UAE.

CEO at Al Fardan Exchange, Hasan Fardan Al Fardan said, “We are excited to be partnering with Mercury. Our new Payez WPS Card will give customers the flexibility and convenience to use across multiple touchpoints including POS and ATM with enhanced safety features. This is in line with the customer-centric vision of Al Fardan Exchange. As part of our strategy moving forward, we want to offer a superior and differentiated product proposition to large, medium and small corporates which will ultimately result in customer delight for their employees.”

Simon Nelson, Chief Executive Officer, Mercury said, “Mercury, as the domestic payment scheme of the UAE, delivers much-needed support for WPS card programs. The launch of Al Fardan’s enhanced Payez card with Mercury is a part of our customer-focused strategy and we are proud to partner with them to meet the growing needs of their cardholders. Being a pioneering payment scheme in the region, we constantly look at bridging market gaps through innovative and locally relevant service offerings to enable cash to card conversion.”