Employers Awarded by UAE Exchange Under Smart Pay Appreciation Programme

ABU DHABI, June 20, 2011 -

10 corporate entities win Best Smart Pay Employer Award
under Smart Pay Appreciation Programme

Awards ceremony held in Al
Bustan Rotana Hotel, Near Dubai Airport, Dubai

“We salute UAE Government’s vision for the welfare of the
employees in the UAE by implementing Wages Protection System (WPS).
And we appreciate the companies’ commitment to support this great
vision by partnering with Smart Pay.”, observed Mr. Y. Sudhir Kumar
Shetty, COO - Global Operations, UAE Exchange, on the occasion of
the awards ceremony of Smart Pay Appreciation Programme.

UAE Exchange recognised top 10 corporate entities, who partnered
with the leading payroll solution, Smart Pay, to address their
salary disbursal requirements. This unique partnership helped the
entities in complying with WPS, an initiative from the UAE Ministry
of Labour and the UAE Central Bank. Smart Pay has been a trusted
channel for over tens of thousands of corporate entities, which
supported the Government’s vision of streamlining the salary
disbursal process.

Mr. Shetty further added, “We take this opportunity to thank the
Ministry of Labour and the Central Bank for the encouragement and
guidance extended to the corporate world and its employees. Apart
from that UAE Exchange Smart Pay’s path to excellence under their
invaluable guidance has been a great learning experience in itself.
Today Smart Pay is a leading name in the market, thanks to our
partnership with tens of thousands of corporate entities.
This award is a token of appreciation to our excellently performing
partners in 2010.”

The leading payroll solution offers its partnering employers
confidentiality, security, technologically advanced processes, easy
disbursal at UAE Exchange branches and labour camps, professional
relationship management etc., cost effectively.

For the employees of these entities, Smart Pay offers
convenient, secure and timely salary pick up facility at any of the
widely networked UAE Exchange branches in the UAE. To enhance their
convenience, UAE Exchange, in association with MasterCard, has
introduced the
Smart Pay-MasterCard electronic payroll cards. These cards empower
them to withdraw salary through any MasterCard enabled ATM and to
shop by swiping it on Point of Sale (POS) machines at MasterCard
approved merchant locations. The employees can also withdraw money
from UAE Exchange’s Cash Dispensing Machines (CDM) installed across
all Emirates.

Smart Pay is one of the many successful proprietary products
offered by UAE Exchange.
The other products from the leading global remittance and foreign
exchange brand include Xpress Money, the leading global instant
money transfer brand; Money2anywhere, the online money transfer
portal; Flash, the product that facilitates real time account
credit; and XPay, the easy payment facility through mobile phone.
Apart from these products
UAE Exchange also offers quality service through its strong global
network of more than 500 direct offices spanning 23 countries
across five continents. Its correspondent relationship with over
150 global banks strengthens the network.

Mr. Ibraheem Alammari, Director of Wages Protection Office along
with other top officials from Ministry of Labour, graced this
special occasion to encourage the performers to achieve excellence,
while aligning with the Government’s vision. The awards function,
held at Al Bustan Rotana Hotel, Near Dubai Airport, Dubai, was
attended by top officials of UAE Exchange, dignitaries and special
invitees.

Lahcen Aterta, Manager - Media Relations, UAE Exchange Centre
LLC, P.O. Box 170, Abu Dhabi, UAE, Tel: +971-2-4945480, Fax:
+971-2-6323893, href="mailto:aterta.lahcen@uaeexchange.com">aterta.lahcen@uaeexchange.com

.