Abu dhabi: Al Ansari Exchange, a prominent remittance and foreign exchange company in the UAE and part of Al Ansari Financial Services, reported a significant increase of more than 151% in the number of companies processing salaries through its Wage Protection System (WPS) platform on June 1, 2026. This surge came as UAE private sector employers adjusted payroll processes to comply with new salary payment requirements that were implemented nationwide.
According to Emirates News Agency, the increase in employer activity was triggered by the enforcement of Ministerial Resolution No. 340 of 2026. This resolution mandates that all private sector establishments registered with the Ministry of Human Resources and Emiratisation (MoHRE) must pay employee wages through the Wage Protection System by the first day of each month. The system, managed jointly by MoHRE and the Central Bank of the UAE, aims to ensure timely salary payments and enhance transparency and compliance within the labour market.
Reflecting a broader market response, Al Ansari Exchange experienced a more than twofold increase in employer activity through its WPS platform on the day the new requirements took effect. Businesses across the UAE have been aligning their payroll processes with the updated framework, underscoring the importance of the Wage Protection System as a crucial component of the UAE's labour market structure.
This development highlights the significance of digital payroll solutions, as organizations strive to streamline salary disbursement processes while adhering to evolving regulatory demands. Ali Al Najjar, Chief Executive Officer of Al Ansari Exchange, remarked on the importance of the Ministerial Resolution in advancing the UAE's labour market ecosystem, emphasizing transparency, accountability, and employee protection.
As employers adapt to the new requirements, the demand for efficient and reliable payroll solutions grows. Al Ansari Exchange is committed to supporting businesses across the UAE by continuing to invest in digital innovation and payment technologies that facilitate compliance and enhance payroll efficiency.
The revised WPS requirements are part of the UAE's ongoing initiatives to strengthen labour market governance, improve employer compliance, and safeguard employee rights. By establishing a unified salary payment timeline across the private sector, the framework aims to create consistency in wage disbursement practices, ultimately supporting the country's objectives of fostering a competitive and sustainable business environment.
Al Ansari Exchange will persist in investing in its Wage Protection System infrastructure and digital payroll solutions to assist employers in meeting regulatory requirements and managing workforce payments effectively.