Luup’s Salary Disbursement solution opens up m-banking opportunity for the unbanked

Published December 15th, 2009 - 11:09 GMT
As the implications of the Wage Protection System regulation spread across the UAE, Luup International Ltd, a leading provider of mobile payments solutions launched its Mobile Salary Disbursement solution in the Middle East and Africa (MENA) region. It is specifically tailored to assist corporate businesses affected by the regulation meet their ever growing needs when disbursing salaries to their unbanked workforce.
 
By deploying the mobile payments platform employers can provide unbanked employees with an account accessed through their mobile phone, called a ‘stored value account’, into which salaries can be paid electronically. The employees can conveniently access their salary through ATMs or a network of agents as well as make cross-border remittances.

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