The C3Pay payroll card is especially meant to meet the demands of employees who find it difficult to use banking services, therefore facilitating their financial transaction handling. The money will be transmitted to the card, which will be directly linked to employees' salaries, therefore enabling workers to spend it in a range of applications. All without the hassle of keeping a bank account, they will be able to withdraw cash at ATMs, make purchases at stores, and even buy online using the card.

The group CEO of Rakez, Rami Jallad, clarified that this project was started to provide a more inclusive financial option, especially for employees who could find difficulty with conventional banking, He underlined that several factors, including the requirement for extra documentation or the expenses of keeping a bank account, cause many low-income residents of the area trouble opening bank accounts, The C3Pay card offers a straightforward, efficient approach to handle income, therefore removing certain obstacles.

Rakez and EdenRed UAE's cooperation is a major first in modernizing payroll procedures and providing more easily available financial services. Signing a memorandum of agreement, both sides are cooperating to implement this project and guarantee that employees may easily include this new technology into their regular routines.

Particularly for individuals in the lower-income category, the C3Pay payroll card is supposed to offer a variety of advantages to the employees. The card helps workers avoid depending on cash payments, which may often be dangerous and problematic. It also guarantees a safe and quick method of pay-off for salaries, so guaranteeing direct and timely payment to staff, For employees on limited incomes, this change from conventional payment methods to a digital, card-based solution will assist simplify financial transactions and lessen reliance on cash, which can be challenging to handle.

The C3Pay card's capacity to give employees a means of more efficient financial management and saving helps to be one of its main benefits Workers will have more control over their spending and won't have to worry about carrying around a lot of cash by using the card for daily transactions, Furthermore, the card will enable staff members create a digital transaction record, which might be advantageous for those looking for loans or other financial services down road.

Additionally providing a sensible answer to the rising demand for cashless transactions in the area is the C3Pay card This program will enable employees stay current with the evolving financial scene as more companies and services use digital payment systems, Workers will have more choices for payments since they can use the card for online and in-store transactions, therefore facilitating the access to products and services.

This project fits perfectly with Ras Al Khaimah's larger initiatives to increase financial inclusion and raise the standard of living for its citizens—especially those from low-income backgrounds, Rakez is helping the government of EdenRed UAE to fulfill its objective of establishing a more inclusive and easily available financial environment for all by means of cooperation.

For employees in Ras Al Khaimah, the C3Pay payroll card offers a safe, quick, modern approach to handle their income, therefore enabling financial empowerment, By providing financial services more easily available and giving workers more control over their money, this project is projected to help the local economy.

UAE launches New salary card for workers in Ras Al Khaimah

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