GCC Exchange Announces Strategic Partnership with Finance House

GCC Exchange, the fast-growing money transfer and foreign exchange company in the Emirates has partnered with Finance House, one of the UAE’s leading financial institutions, to offer a world-class WPS Payroll Solution. This partnership is in line with the UAE government’s initiative to create a fair work environment that supports the workers’ rights, protects their wages, and helps attract the best professional profiles.

This WPS Payroll Solution provided by Finance House offers GCC Exchange’s corporate customers a state-of-the-art Card Management Service whereby the companies can issue a secure and reliable payroll card to their employees that can be used for day-to-day transactions, including cash withdrawals from any MasterCard-enabled ATM in the UAE and usage at any point-of-sale terminal for purchases.

All cardholders can download the Finance House App for free and use it to access their transaction history, transfer money locally and internationally, and pay their bills. Moreover, a dedicated call centre team at Finance House is available for support 24/7.

"Finance House’s strategic partnership with GCC Exchange reinforces our steadfast commitment to providing innovative and inclusive payment solutions that offer a simplified and easy way for employees to access and manage their salaries and wages," said Mohammed Abdulla Alqubaisi, Founder of Finance House.

On the other hand, Finance House has provided GCC Exchange access to a user-friendly web-based portal so that it can credit its customers’ salaries online, on time, and in no time!

GCC Exchange currently serves over 29,000 satisfied corporate clients/businesses, with more than 200,600 employees benefiting from its quick and efficient services. For a more dedicated client experience, GCC Exchange also has a devoted WPS contact person available for all employers.

Talking about the partnership, Rajesh Himmatlal, Managing Director at GCC Exchange said: “GCC Exchange is committed to providing our customers with convenient and secure payroll solutions. Our partnership with Finance House allows us to deliver another financial inclusion solution for the benefit of our esteemed customers. We’re excited to partner with a leading financial service provider, as our customers can now acquire their salary from any MasterCard-enabled ATM near them, no matter which bank runs it.”

“We are thrilled to bring more benefits and comfort to our customers” added Yash Rajesh, General Manager of GCC Exchange. The Financial House Card, powered by Mastercard, adds convenience for our customers in two ways. Firstly, they don’t have to travel far to acquire their salary from our branches. Instead, they can visit an ATM of any bank nearest to them. Secondly, the first withdrawal is free of charge for every month. They can use the card at convenience stores and shops too. We can’t wait to see our customers’ response to this new service addition. With the FH card, the company seeks to reward them for their loyalty and trust by multiplying service touchpoints, facilitating quicker and more convenient salary collection, and being a responsible WPS agent.”

 A formal signing ceremony sealed the partnership at the Finance House Headquarters in Abu Dhabi among senior officials of both companies.

About GCC Exchange:

GCC Exchange is a fast-growing financial services brand founded in 2005 in the United Arab Emirates. The brand offers a suite of diversified and innovative financial solutions in Money Transfer, Foreign Exchange, Payroll Solutions and Bill Payments. The customer-centric ethos combined with a quality-driven approach, constant innovation in products and processes, and deployment of the latest technological advancements set GCC Exchange apart from its peers. The brand has been globally recognized and awarded for its customer service initiatives and business excellence.

 For more information, log on to www.gccexchange.com | www.gccexchangeblog.com

 About Finance House:

 Established in March 2004, Finance House is an Abu Dhabi headquartered finance company that commenced operations in July 2004. The principal activities of the company are commercial and retail financing, financial services, and investments. The company is licensed and regulated by the Central Bank of the UAE. The major shareholders of Finance House include a number of prominent UAE businesspeople, high net worth individuals, and dignitaries. Finance House is rated BBB- long-term and A3 short-term, both with Stable Outlook by Capital Intelligence.

 For more information, log on to www.financehouse.ae