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.
BFC Payments registers your company & opens salary account for your employees after completing necessary KYC procedures as per CBB guidelines.
During salary period your company sends employee information and consolidated payments to BFC Payments.
BFC Payments credits individual employee accounts held with BFC Payments with the corresponding amount provided in the salary file.
Employees receive their salaries in their BFC Salary Account Wallets.
Employees can view their salary credited on their BFC Payments mobile application and send money to their home country instantly OR they can walk in to any of the 50+ BFC branches in Bahrain to withdraw their salaries in cash and/or send money home.
For assistance, call us on +973 1700 4548 or email at business@bfcpayments.com