UAE Exchange Smart Pay Hosts High-Power Summit to Drive HR Innovation
Event attracts 150 plus delegates from strategic industry sectors
Dubai: Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, held a high-power HR Summit at the Sheraton Dubai Creek Hotel today.
The Smart Pay HR Summit, now in its third edition, witnessed more than 150 participants from a cross-section of industries coming together to discuss HR innovation, management and payroll solutions, latest developments in HR practices and policies etc. Delegates from industries included engineering, hospitality, oil and gas, trading, facilities management, mechanical works and others.
“UAE Exchange doesn’t just offer payment solutions. Rather, we partner with organisations to drive thought leadership and innovation. We are delighted to welcome experts from key industries in the region to the Smart Pay HR Summit – another example of how UAE Exchange creates opportunities for the beneficial exchange of ideas, knowledge and innovation,” said Abdel Kareem Alkayed, Country Head, UAE Exchange-UAE.
Expert speakers at the summit included Greg Shuler, Chief People Officer, UAE Exchange, who highlighted the latest technological advancement in the HR World and Prof. Chris Abraham, Head, S. P. Jain School of Global Management, Dubai Campus who enlightened everyone on the need for transformation of employee happiness into a successful business model. While UV Consultants trainers Anas Aldahoud spoke on the topic ‘From Talent to Strength – Journey towards success’, Praveen Arumughan did an incredible demonstration of the untapped potential of the adult human mind – the sixth sense – which was interactive, humorous and above all entertaining.
“We are seeing HR departments confront a challenging landscape where they are responsible for hiring, training and retaining world-class teams while also confronting budgetary pressures. UAE Exchange has innovated its Smart Pay solution to empower HR leaders in creating streamlined and integrated payment solutions that are cost-effective and contribute positively to employee motivation,” added Abdel Kareem Alkayed.
About Smart Pay
Smart Pay was first launched by UAE Exchange in 2006 as a solution to the customers’ challenges in getting salaries as cash on time. Today, it has become an effective compliant, transparent and reliable mechanism in streamlining the salary disbursal process both for the corporate employers and their employees. Processing 500,000 payrolls in a month to 35,000 corporate customers, Smart Pay also offers cost-effective customisable payroll solutions to organisations which are WPS-compliant and are in free-zone areas.
In 2009, Smart Pay joined hands with the UAE Ministry of Labour to promote and educate the various corporates on the newly-launched WPS. And in 2010, Smart Pay Payroll card was introduced by UAE Exchange which enabled the corporate employers to easily credit the salaries to the pre-paid card while the employees could withdraw their salaries through the card anywhere anytime.
In terms of business, Smart Pay has strengthened year-on-year, with nearly 6 million salaries disbursed each year that amounts to approximately AED 9 billion. It offers its customers with various value-added services and has also invested in revamping its Smart Pay portal to make it more user-friendly – both for the employer and employee.
About UAE Exchange
“UAE Exchange” is a leading global money transfer, foreign exchange and payment solutions brand, headquartered in Abu Dhabi, United Arab Emirates. Established in 1980, today, it is one of the widest accepted globally networked remittance brands and a pioneer in digital adoption.
Spread across in five continents from Americas to Oceania, UAE Exchange operates a strong network of over 800 direct offices in 28 countries and 200,000+ agent locations in 165 countries. The brand also offers digital services including prepaid cards, online money transfer facilities, mobile-based applications and kiosks in many major markets. Over 9000 professionals, representing 40+ nationalities, collaborate every day to ensure consistent and enriched customer experience is delivered through multiple channels, bringing delight to more than 15 million customers worldwide.
This customer-centric ethos combined with a quality-driven approach, constant innovation in products and processes, and the deployment of latest technological advancements across all retail operations and digital channels sets UAE Exchange apart from its peers.
UAE Exchange Group is ISO-certified and has been honoured internationally for its commitment to Quality Management, winning the European Society for Quality Research (ESQR) Quality Achievement Award and the Dubai Quality Gold Award. It is a member of prestigious associations, including the World Economic Forum and the United Nations Global Compact. The brand has been globally recognised and awarded for its corporate citizenship, customer service initiatives and business excellence.
For more information about UAE Exchange, visit www.uaeexchange.com.
