New Payment Card Makes Life Easier for Workers
Ras Al Khaimah introduced a new payment card for low-income workers in the United Arab Emirates, particularly in the Ras Al Khaimah emirate, which greatly facilitates the lives of low-income workers. The card, named C3Pay, allows workers to access their wages without needing a bank account and to manage their finances easily.
New Solution for Financial Management
The C3Pay payment card is being introduced by the Ras Al Khaimah Economic Zone (RAKEZ), in collaboration with EdenRed UAE, a global provider of payment solutions. The collaboration aims to offer a modern and simple solution for employees who do not have a bank account.
The agreement was signed on Friday, and through the project, employees receive their wages directly on the card. The card offers numerous benefits, such as allowing cash withdrawals from ATMs, purchases in stores, and online transactions.
How Does the C3Pay Card Benefit Workers?
The introduction of the C3Pay card not only simplifies administrative processes but also eases the everyday financial matters of low-income workers. Here are some key advantages:
1. Wage Payments Without a Bank Account
Employees do not need to open a bank account to receive their wages. This is especially advantageous for those who are not eligible to open a bank account or cannot afford the costs associated with account maintenance.
2. Easy Money Management
With the card, they can easily access their wages via ATMs or make purchases in stores and online with ease.
3. Cost-Effective Solution
Using the card helps avoid the fees associated with traditional bank accounts, allowing workers to keep more of their earnings.
4. Modern Financial Integration
Technology helps workers integrate into the digital financial world, providing greater financial freedom in the long run.
RAKEZ and EdenRed UAE Collaboration
The partnership between RAKEZ and EdenRed UAE is an important step for the emirate's workers, as the solution aims to improve access to financial services. EdenRed UAE's experience in global payment solutions ensures that the C3Pay card will be secure, reliable, and easy to use.
The Future of the Program
The introduction of the C3Pay card could open a new era in the financial management of low-income workers. This simple and transparent solution may become popular not only in Ras Al Khaimah but also in other parts of the United Arab Emirates. This step also demonstrates the emirate's commitment to improving the quality of life of its workers.
The C3Pay card is another example of how the UAE uses innovative solutions to meet the needs of its residents and workers. This initiative also fosters the development of a modern and more equitable financial system that makes digital financial tools accessible to those with lower incomes.
