Page 163 - AAE PR REPORT - JULY 2025_Neat

Many unbanked workers in the UAE receive their salaries through prepaid debit or salary cards
issued by exchange houses like Al Ansari Exchange and LuLu Exchange, or by fintech providers such
as Payit and e& money.
These reloadable cards function like regular debit cards - they can be used to withdraw money from
ATMs, pay for purchases in-store or online, and even transfer money abroad. Most are Visa or
Mastercard branded, which makes them widely accepted across the UAE and internationally.

What makes these cards especially helpful is that:

• No bank account is needed to use or activate them.

• They are often linked to the UAE’s Wage Protection System (WPS), allowing employers to
deposit salaries directly.

• Cards can be reloaded by employers or users themselves via kiosks, apps, or exchange
branches.

• Some cards are connected to digital wallets or mobile apps, enabling users to check
balances, manage transactions, and access remittance services.

Online remittance platforms for bank-free transfers

These platforms allow users to transfer funds directly to bank accounts, mobile wallets, or cash
pickup locations in dozens of countries.

Here are some of the most popular options:

Al Ansari Exchange App
• Offers transfers to over 200 countries with instant cash pickup.

• Fees typically range from AED 15 to 25.

• Higher transfer limits available for verified users (up to AED 25,000 per day).

LuLu Money

• Widely used among Indian, Filipino, and Bangladeshi communities.
• App shows real-time exchange rates and occasional fee waivers.

• Daily transfer limit up to AED 20,000.

e& money

• Transfers abroad at competitive rates for free for some countries and low fees for others.

• Monthly limits are between 25,000 and 60,000 based on customer segment.
• Customers can send to banks. wallets or as cash pickup.

•

Western Union App

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