Gulf News
UAE’s MOHRE Set to Launch Digital Wallet for Corporate Financial Services
The UAE’s Ministry of Human Resources and Emiratisation (MOHRE) is poised to unveil a groundbreaking digital wallet, streamlining financial operations for businesses. Slated for a June launch, the platform aims to digitize payroll, work permit fees, and compliance payments, reinforcing UAE’s business-friendly vision.
Key Features of the MOHRE Digital Wallet
- Payroll Integration: Seamless salary processing via Wage Protection System (WPS).
- Visa & Licensing: Instant payments for permits, renewals, and fines.
- Multi-Currency Support: Transactions in AED, USD, and EUR.
- Real-Time Tracking: Live updates on payment statuses.
- Bank Connectivity: Integrates with over 100 UAE banks.
Who Can Use It?
- Employers: MOHRE-registered firms for payroll and compliance.
- Employees: Access to salary and benefits tracking.
- Freelancers: Simplified visa and insurance payments.
Benefits for Businesses
| Feature | Impact |
|---|---|
| Faster Processing | Cuts payment times to under 15 minutes |
| Cost Efficiency | Reduces transaction fees by up to 30% |
| Compliance | Generates real-time audit reports |
How to Register?
- Access MOHRE’s portal or mobile app.
- Submit trade license and signatory details.
- Verify identity via UAE Pass biometrics.
- Activate wallet within 48 hours.
Security Measures
- Encryption: 256-bit AES safeguards transactions.
- Fraud Detection: AI monitors for unusual activity.
- Authentication: Requires UAE Pass and SMS verification.
Phase 2 Plans (2026)
- Expansion: Integration with Abu Dhabi’s TAMM platform.
- Financial Services: Micro-loans through partnered banks.
Minister’s Statement
“This wallet will simplify operations and cement UAE’s place as a global business hub by 2030,” said Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation.
The MOHRE digital wallet, blending efficiency and compliance, could redefine corporate finance in the UAE. Businesses await its June rollout with high expectations.
