Ajman Bank Partners with MENSA Technologies to Transform Wage Protection Services in the UAE
by Ajman Bank, one of the UAE’s leading Shariah-compliant financial institutions, has joined forces with MENSA Technologies, an innovative fintech company, in a strategic partnership set to modernize the country’s Wage Protection System (WPS).
This collaboration blends Ajman Bank’s strong banking infrastructure with MENSA Technologies’ agile digital payroll solutions to deliver seamless, timely, and fully compliant salary disbursements to the UAE’s culturally diverse workforce. The initiative is designed to simplify payroll management while ensuring strict adherence to regulatory requirements.
Empowering Workers Through Financial Inclusion
At the heart of the partnership is the launch of a next-generation WPS card solution, tailored to meet the needs of today’s global workforce. This solution aims to empower employees — regardless of income level or banking access — by providing secure, regulated financial services that go far beyond traditional cash-based systems.
Mustafa Al Khalfawi, CEO of Ajman Bank, emphasized the strategic importance of the initiative:
“This partnership reflects Ajman Bank’s 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.”
Driving Innovation in Payroll Solutions
The partnership also introduces WPS cards and wallets powered by MensaPay, MENSA Technologies’ advanced payroll platform. According to Dr. Mengsha Tan, Chairwoman of Mensha Group:
“This initiative is a testament to our commitment to advancing financial inclusion. Together with Ajman Bank’s trusted banking framework, we are providing individuals with the financial tools they truly deserve.”
Muhammad Ashraf, CEO of MensaPay, added:
“We’re proud to deliver a compliant, efficient, and user-friendly solution that brings essential financial services to the underbanked while helping move the UAE closer to a cashless society.”
Building a Future-Ready Wage Protection Framework
By combining the strengths of regulated Islamic banking with cutting-edge fintech innovation, Ajman Bank and MENSA Technologies are building a future-ready WPS model that is scalable, compliant, and inclusive. This initiative strengthens the UAE’s wage protection framework while advancing national goals for financial accessibility, workforce empowerment, and sustainable growth.
