back Back

FlexxPay and ADCB to provide payroll services to companies in the UAE

By Leandra Monteiro

January 10, 2023

  • Abu Dhabi Commercial Bank
  • ADCB
  • Credit
Share

FlexxPay,FlexxPay, a social impact technology company has joined forces with Abu Dhabi Commercial Bank (ADCB). Together, they provide a digital bank account for anyone, a variety of employee benefits, and a comprehensive payroll solution to corporations. The solution will remove costly payroll cards and time-consuming methods required to process salaries to unbanked employees.

As an Earned Income Access and Benefits Platform in the MENA region, FlexxPay’s Shariah-compliant tech platform allows salaried employees to access a portion of their earned income whether it be salaries or commissions whenever they need it and wherever they are. The platform offers a payroll solution for companies and other employee benefits such as a savings tool.

FlexxPay’s cooperation with ADCB means that companies in the UAE can now provide digital bank accounts to their unbanked employees via the FlexxPay app thus giving the employees access to the services and benefits offered by FlexxPay, including the ability to access earned wages on demand. Not only does the transition from unbanked to banked employees help the company tremendously, but the employer also gains access to the full suite of ADCB’s payroll services and FlexxPay benefits.  FlexxPay’s services aim to increase staff motivation, productivity and sales while reducing absent days and workload for HR teams.

Michael Truschler, CEO of FlexxPay, said, “Through the cooperation with ADCB, FlexxPay gives all our clients the option of automatically providing a bank account to all their employees. Once a company signs up with FlexxPay, anyone can open a bank account via the FlexxPay app and avail all the services we offer. This is a game changer for companies juggling with multiple salary processing methods each month due to having a proportion of their staff without bank accounts. Companies can further choose to sign up to our cloud-based payroll solution – free of cost.”

Enrolling with FlexxPay is simple and comes at no cost to the company. Once signed up the company’s workforce is informed about the new employee benefit, and staff download the app and can immediately access all services provided by the company.

Previous Article

January 09, 2023

10 FinTech Mergers and Acquisitions in Europe in 2022

Read More
Next Article

January 10, 2023

FinTech CLOWD9 partners with Netcetera to combat payments fraud

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Abu Dhabi Commercial Bank

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Salt Bank rolls out financial app in Romania with Engine by Starling

Read More

Today

FinbotsAI set to boost credit risk management for Myanmar’s KBZ Bank

Read More

Today

Leeds Building Society taps Mambu for core banking modernization

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023