Wages Protection Scheme WPS by NEC Payments
Wages Protection Scheme WPS by NEC Payments

A Secure, Low Cost and Compliant Payroll Solution

What is the Wages Protection Scheme?

The Wages Protection Scheme (WPS) is a new directive being implemented by the Bahrain Labour Market Regulation Authority (LMRA) and Central Bank of Bahrain (CBB).

The WPS directive requires all salary payments made by employers to be processed via a vendor approved by LMRA and CBB. WPS vendors are required by LMRA and CBB to report the details of all salary payments made through the WPS to LMRA, and must process all money paid to employees via segregated accounts that hold employees money in escrow and that are audited according to rules set-out by CBB.

The WPS ensures that your employees receive the salary funds that are due to them, and protects you from claims that salary payments have not been made on time or in the correct amount.

Wages Protection Scheme WPS by NEC Payments

NEC Payments WPS Solution provides value for money, flexibility and convenience.

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Reduce Costs

Reduce the costs, time, and risk associated with making payroll payments in cash to your workers.

For more info please complete our registration form

Make Savings

Make savings in comparison to other WPS solutions entering the market.

For more info please complete our registration form

Audit Trail

Create an electronic audit trail of payments to workers to prove payment of salaries and comply with the new WPS initiative by LMRA and CBB.

For more info please complete our registration form

Cash Withdrawal

Provide a free and easy to use solution that gives your workers access to cash withdrawal, money exchange and remittance at the best rates available.

For more info please complete our registration form

Exchange & Remittance

Enable workers to collect cash and do money exchange and remittance at 16 partner locations located across Bahrain.

For more info please complete our registration form

MasterCard Upgrade

Employees can upgrade and add a full service prepaid MasterCard to their digital account for global spending at any ATM or merchant that accepts MasterCard

For more info please complete our registration form

Wages Protection Scheme WPS by NEC Payments

Secure, low cost and compliant

The introduction of the Wages Protection Scheme in Bahrain by LMRA and Central Bank of Bahrain means that all employers will need to pay their employees using a WPS compliant payroll supplier.

The NEC Payments WPS Payroll Solution offers the best combination of value for money, flexibility, and convenience for you and your workers, and is approved by Central Bank of Bahrain and LMRA.

The best value solution in the market

FREE ON-BOARDING

for your company and your employees.

ONE FREE CASH WITHDRAWAL

per month per employee.

INSTANT ACCESS TO LOW COST REMITTANCE

at the best available rates.

FIXED FEE

Fixed fee per employee per salary credit-discounts available for large numbers of employees!

MASTERCARD UPGRADE OPTION

Employees can upgrade and add a full service prepaid MasterCard to their digital account for global spending at any ATM or merchant that accepts MasterCard

Simple 4 step process – get started now!

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Sign-up
your company

Start by signing-up your company with NEC Payments. During the sign-up process we will collect the information we need to ensure compliance with LMRA and Central Bank of Bahrain.

Sign-up
your employees

Next we will collect information about your employees. We can do this by importing data on all employees from your HR or Accounts system, or we can add your employees one by one. Each employee will be given a digital account with a unique account number.

Simple
payroll processing

On payday you send us a file instructing how much you want to pay to each of your employees, and make one payment to us for the total amount. You can settle payroll funds by bank transfer, or over the counter in cash at any of our partner locations. We will credit your employee’s accounts and comply with WPS reporting to LMRA on the same day as we receive the money and instructions from you.

Free cash withdrawal
& low cost remittances

Your employees can go to any of our partner locations in Bahrain to withdraw cash and do remittances at the best rates available. ID must be provided and all transactions are protected by one time passwords sent by SMS to the mobile of the registered account holder.

Meet our sales team

  • Sujai Lal
    Sujai Lal Head of Corporate Sales
    Bahrain
  • Sujeesh Kumaran
    Sujeesh Kumaran Corporate Sales
    Bahrain
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