Al Rateb Payroll Solution

​​Al Rateb payroll solution is the most innovative payroll solution in the Kingdom offering financial inclusion to the unbanked and underserved while automating payroll processing for employers. The solution is compliant with upcoming Wage Protection System (WPS) laws requiring employers to make salary payments through financial institutions.

At the heart of our Al Rateb payroll solution is secured web portal for employer payroll processing and a first of its kinds, reloadable contactless prepaid card bearing the MasterCard logo allowing cardholder financial inclusion wherever MasterCard is accepted. The contact-less feature enables frictionless transacting initiated with just a tap!

Features & Benefits
Benefits to Employer
  • Comply with upcoming Wage Protection System (WPS) laws
  • Cashless automated payroll process
  • More efficient payroll process
  • Availability of evidence of salary receipt
  • Less disruptive of business
    (employee does not need to leave work to collect salary)
  • Electronic employee management functionality –
    including create new card for new employee

Benefits to Employee
  • Free of any financial burden – free to receive, free to use, and free to withdraw your cash.
  • Instant receipt of salary
  • SMS notification on all card transaction
  • Contactless transacting with just a tap – no PIN.
  • Secured – eliminates risk of cash loss/theft
  • Can be used for saving purposes
  • Worldwide acceptance wherever MasterCard is accepted
  • Supported by a 24/7 call center that supports Arabic / English / Hindi / Urdu speaking customers
Limits, Fees & Charges
Employer Limits
Maximum of one card per employee Credits are limited to employees compensation
Fees & Charges born by Employer
Corporate Enrollment FeeBD 100
Card Issuance / Renewal Fee
Up to 100 cardsBD 1.000
Up to 250 cardsBD 0.750
Up to 500 cardsBD 0.500
Above 500 cardsBD 0.250
Loading Fee
Up to 50 employeesBD 1.000
51 to 100 employeesBD 0.800
101 to 300 employeesBD 0.600
300+ employeesBD 0.500
Fees & Charges born by Employee
Card issuanceFree
Card renewalFree
Card / PIN replacementFree
POS transactionsFree
ATM transactionswithin ASBB network: Free for two transactions per month in ASBB network; additional transactions at BD 0.135 per transaction
ATM Transactionsoutside ASBB network: BD 0.135 per transaction outside ASBB network
FX Mark-up2.5%
Required Documents
Application Form Commercial Registration Copy Article of Association Board Resolution (if required) Authorized Signatory List Employee Declaration List
For further details, please contact our customer care center on 17005500 or AFS at 17299099.