AFS partners with Zenji Exchange for Bahrain money transfers FXCompared.com

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• A brand new partnership between Arab Monetary Service (AFS) and Zenji Alternate (ZENJEX) will permit unbanked staff in Bahrain to ship cash overseas.

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• AFS will use ZENJEX’s providers to boost its common Wage Safety Scheme (WPS).
• Employers use the scheme in Bahrain to pay staff digitally and supply different helpful monetary providers.

Unbanked staff in Bahrain will be capable of full worldwide cash transfers with their wages for the primary time following a landmark partnership between Arab Monetary Service (AFS) and Zenji Alternate (ZENJEX).

AFS not too long ago launched Bahrain’s first digital payroll answer, the Wage Safety Scheme (WPS), which permits employers to pay staff with no checking account reliably and successfully.

The system is now being enhanced because of a brand new settlement with Bahrain-based ZENJEX, which can see quite a lot of value-added fee options and providers made out there to employers.

Probably the most notable of those providers is the power for staff to switch funds globally, withdraw funds utilizing money machines, and entry POS terminals at residence and overseas.

AFS CEO Samer Soliam mentioned the partnership with ZENJEX will “enrich” its WPS providing and assist it to achieve a wider viewers.

He added: “We at all times associate with sturdy gamers available in the market to ship value-added providers and engaging, related digital funds merchandise that speed up monetary inclusion. I’m happy to associate with Zenj Alternate for this aim.”

Employers in Bahrain have already been utilizing the WPS answer so as to add wages and advantages to payroll playing cards utilizing a cutting-edge digital payroll system.

Along with cash transfers and elevated money entry, cardholders will even be capable of reap the benefits of new monetary providers comparable to accessing interactive dashboards and round the clock buyer help.

ZENJEX managing director Fatima Hamad mentioned he was “very proud” to help such a strategic nationwide mission because the WPS.

He concluded: “We stay up for maximising synergies between the 2 organisations in direction of our widespread aim of product and repair excellence.”

Unbanked staff in Bahrain are actually discovering the advantage of quick cash transfers. To search out out extra details about sending funds overseas, try our on-line cash switch pages.