HSBC Middle East introduces Payroll Card Service for low wage earners

The service was piloted in the UAE with Kibsons International, a domestic importer of fresh food produce.

AME Info. reported that HSBC Bank Middle East has announced the launch of a new Payroll Card Service in a team with C3 Card, that allows customers to process salary payments electronically, providing security to the employees similar to a debit card.

Additionally, the payroll card is a PIN protected card and will have the user's name and passport/labour card number imprinted on the card, the bank says. The user can access the funds anywhere using any ATM connected to the UAE's ATM network. Besides, with the new and innovative solution, companies employing a large number of low wage earners, can ensure convenient and timely payments of employee salaries.

Dubai-based C3 Card provides prepared cards and payroll services across the Middle East.