MINT payroll payment solution refers to the electronic wage payment of the employees by means of salary card, which can be either used in the privately-installed cash dispensing machines (Closed loop) or any ATM machines (Open loop) within the country.
KEY PRODUCT FEATURES
- Open loop, co-branded card with partner bank
- Closed loop, co-branded card with Exchange House
- Acceptance at all ATMs in the UAE
- No minimum balance required
- No fee for the cardholder
- FREE Unlimited Cash Withdrawals from MINT ATMs
- Multiple Languages support at Mint ATMs
- FREE unlimited cash withdrawals from Partner Bank ATMs
- FREE unlimited Balance Enquiry from Partner Bank ATMs
- Card expiry – 5 years after the date of production
HOW DOES IT WORK ?
- One agreement with the employer for salary processing (includes all services)
- MME invests in the infra-structure for disbursement of salaries
- MME handles the full payroll payment process in 100% compliance with the WPS process and regulations;
- Agreement with Partner Bank to issue ATM Cards with access to Switch Network ATMs for salary withdrawal