C3 Payroll Card hits the 100,000 mark

In the context of the new Federal Labour Law that was passed last year imposing electronic wage payments on all companies incorporated in the UAE, C3 Card had championed innovative solutions for salary distribution -based on a virtual debit card powered by MasterCard Worldwide, in partnership with Commercial Bank International.

The move provides workers with "flexibility and freedom", ensuring timely salary payments through traceable electronic transactions instead of cash or cheque payments.

C3 Card has put in place robust systems that sustain the "stress test" that faces both C3 Mobile and fixed ATMs on pay day at the labour camps. Besides, C3 Cards are accepted at over 30m terminals and over 1m ATMs worldwide.

"Large corporations having tens of thousands of workers have trusted C3 Card with their most precious asset" says Mohamed Belarj, CEO C3 Card. Customers include Al Naboodah, Al Hamad, JT Metro/Obayashi, Tansguard, Burger King, Spinney's, Dutco and many others, representing the fabric of the UAE economy (Construction, Industrial sectors and Retail).

"We have opted for an 'all Compliance strategy. Clearly, C3 Card is the right response in the market today that provides risk-free solutions to Corporations, added value to employees and alleviates the regulators' concerns"

says Mohamed Belarj. C3 Card systems are compliant both to the Central Bank's UAE Switch requirements and MasterCard International. For Money Remittance, C3 Card has opted for existing, tested and compliant solutions.

By February 2009 and without any hiccup, a total number of 244,000 ATM transactions were made with C3 cards withdrawing Dhs220,000,000, the number of POS transactions rose from 3,900 in 2008 to 13,500 transactions in first two months of 2009.