WPS Compliant Employee Salary Account

BFC Payments offers the most innovative digital salary account facility for your employees in compliance with the Wage Protection Scheme (WPS) initiative of LMRA and CBB guidelines. You can now on-board your company as a WPS compliant business and start paying your employee salaries digitally! 

WPS ensures maintaining proper salary records in the regulatory systems.

Benefits for the Employees

  • Salary withdrawal facility from 50+ BFC branches with multi-lingual staff
  • Digital Money Management Facility through BFC Pay App – for sending money back home, bill payments and P2P payments.
  • Safe storage of hard-earned money with zero minimum balance in their accounts.
  • No deductions from the employee & the entire service is offered to the employee on a free of charge basis.
  • Salary Account statements.
  • BFC Pay Mobile Application provides convenience on the go for viewing salary credit, send money instantly and retrieve statements.

Benefits to your company

  • WPS Compliant Salary Accounts and Payment System.
  • Eliminate large queues of employees waiting to receive their salary.
  • Helps to avoid risk of cash handling during the salary period.
  • Email notification to payroll managers on salary release.
  • Easy process for addition or removal of employees.
  • Salary records archive.
  • Safest Method of Salary Distribution during the pandemic – clean and secure branch environment with queue management.

Easy Steps for Enrolment

BFC Payments registers your company & opens salary accounts for your employees instantly in adherence to the LMRA wage protection system.

1

Register your company with us & open salary accounts for your employees by signing the payroll agreement as per the LMRA and CBB guidelines.

2

Easy employee’s addition with their detail and send consolidated payroll data for the salary processing at one go.

3

Zero balance salary account and wallet created for individual employees to receive salary.

4

Employees receive automated notification along with their salaries credited in their BFC Salary Account Wallets.

5

View salary and statement I Send instant international remittance I  Visa Debit Card -Use at any POS or With draw at any ATM or walk in to any of the 50+ BFC branches in Bahrain for cash withdrawal

For assistance, send us a WhatsApp on +973 39947439 / +973 32179626 or email at bfcpsales@bfcpayments.com

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