Ajman Bank, a leading Shariah-compliant bank in the UAE, has teamed up with Mensa Technologies, an innovative fintech company, to transform WPS services in the UAE.
By integrating Ajman Bank’s robust banking infrastructure with Mensa Technologies’ agile digital payroll solutions, the partnership aims to deliver seamless and timely salary disbursements to a culturally diverse workforce while meeting all regulatory requirements.
The collaboration will launch a next-gen WPS card solution tailored to the needs of today’s representative global employee base. This cutting-edge solution will streamline payroll management and empower employees regardless of income level or banking access with secure, regulated financial services that extend beyond traditional cash-based systems.
“This partnership reflects Ajman Bank’s strategic focus on embedding innovation into core banking infrastructure to support national priorities. By integrating agile digital payroll solutions with Shariah-compliant financial services, we are enhancing the wage protection ecosystem in a way that is secure, compliant, and scalable. It enables employers to meet regulatory obligations efficiently, while expanding access to banking for underserved segments of the workforce. As the financial system evolves, Ajman Bank remains committed to delivering purposeful innovation that advances both customer value and economic resilience.”
Mengsha Tan, Chairwoman of Mensha Group, stated that, “This WPS Cards and Wallets initiative is a powerful testament to Mensha Group’s commitment to advancing financial inclusion. Through MensaPay and Mensa Technologies’ innovation, combined with Ajman Bank’s trusted banking framework, we are providing individuals with the financial tools they truly deserve, contributing significantly to the UAE’s ambitious journey.”
Muhammad Ashraf, CEO of MensaPay, added that, “At MensaPay, we are immensely proud to enable this significant stride towards financial inclusion and a cashless society in the UAE, Our advanced technology underpins MensaPay’s ability to deliver a compliant, efficient, and user-friendly solution with Ajman Bank, opening doors to essential financial services for the under banked.”
This alliance marks a key step in reinforcing the UAE’s wage protection framework while ensuring financial accessibility for all. It also highlights how cross-sector collaboration can unlock new channels for economic resilience, workforce empowerment and sustainable growth across the region.
