UAE Exchange Smart Pay organised HR Summit 2014

Press release
Published October 8th, 2014 - 04:33 GMT

Human Resources are an organisation’s biggest asset hands down. Today, one of the biggest challenges organisations face worldwide is effective management of this asset. With companies expanding massively and the world shrinking to a global village, nurturing human capital has become more imperative than ever. In this regard, UAE Exchange Smart Pay organised the HR Summit 2014 recently in Dubai.

Speaking at the event, Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, said, “Prompt payment of salaries and conformity to the amount of salary mentioned in the job contract were the major challenges for the employees in the UAE. But with the introduction of Wages Protection System (WPS) by the Government of the UAE, both the issues were addressed perfectly. UAE Exchange aligned its vision with this aim of the Government and strived to surpass the constantly rising expectations of clients and their employees.”

Mr. Promoth Manghat, Vice President – Global Operations, UAE Exchange, said, “We thank each of our clients for their partnership with UAE Exchange and their unconditional support for all our initiatives right through. Without which, we wouldn’t be a leading player today. We are constantly looking for opportunities to bring more value and convenience for our clients and their employees. The trust that our clients have bestowed on us reminds us of our responsibility to deliver the best every time. Hence we invest a lot of our energies to bring more convenience to our clients and their employees. Mobile CDMs, Smart Pay Payroll Portal etc., are some of the examples. But we can’t be successful without a strong support from our clients, who are our partners in progress.”

Mr. Varghese Mathew, Country Head –UAE Exchange, UAE, said, “People are the real assets. How well we take care of them ensures success of the organisation. We perfectly understand the importance of people. Hence our initiatives are all aimed at strengthening this asset in each of the organisations that partner us. One such initiative is this session, which shall enlighten all participating organisations, in turn enriching their employees.”

The HR Summit was conducted exclusively for HR professionals from organisations across various sectors. This summit created a unique platform for all the participants to share their knowledge and best practices of the HR industry.

Smart Pay is a WPS-compliant leading payroll solution from UAE Exchange, one of the market leaders among remittance brands, in the UAE. At Smart Pay, we help organisations of every kind to reach the next level of Payroll service performance. From small and medium enterprises to corporate entities, we provide the experience, expertise and capabilities that enable organisations to accelerate in their payroll service processes, deliver more service value and realise breakthrough results. Companies partnering with Smart Pay just need to transfer the salary files and funds and be assured of hassle-free and prompt salary disbursal, quality of services, technological competence along with highest level of confidentiality and security. According to recent statistics of Wages Protection System (WPS), which adheres to the directives of the UAE Ministry of Labour and the UAE Central Bank, Smart Pay topped among payroll solutions offered by remittance brands, in terms of volume of salary disbursals. Value addition features viz., customers-chip based payroll card and mobile CDM will be introduced soon.

Known for its excellent customer service and widest network among remittance brands UAE Exchange has over 700 branches in 32 countries across five continents serving over 6.5 million customers. Strong correspondent relationship with over 150 global banks further adds to the might. With over 135 branches in the UAE, customers can walk in to the nearest one to address their multiple financial requirements viz. money transfers, currency exchange, bill payments, salary collection and more, under one roof. Its penchant for quality has won UAE Exchange many awards and earned the trust of customers, partners and regulators alike, thus helping it to get the acclaim of the World’s Trusted Money Transferrer.

Background Information

UAE Exchange

With a presence in more than 31 countries, UAE Exchange is a leading global remittance, Foreign Exchange and payment solutions brand. We are committed to provide our more than 15 million customers, with multiple financial solutions at one counter. With a team of 9000 employees, we operate in some of the world’s dynamic markets, and strive to offer our customers a wide range of financial products and solutions. With a focus on innovation and new product development, we are poised to help you address all your financial needs under one roof.

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