First Gulf Bank & Citi announce Strategic Alliance

First Gulf Bank & Citi announce Strategic Alliance
First Gulf BankFirst Gulf Bank has today announced details of a strategic alliance with Citi® Prepaid Services, a division of Citi's Global Transaction Services, to provide Prepaid Payroll Card solutions to First Gulf Bank's Corporate Customers in the UAE. The service will be routed as a significant enhancement of FGBFGBFirst Gulf Bank's comprehensive payroll service, 'FirstPay'.
The arrangement involves issuance of prepaid payroll cards to employees of corporate clients of First Gulf Bank. The Payroll cards will be regularly loaded with payroll value for each employee and will enable an automated and friendly payroll process that complies with the Wages Protection System (WPS) regulations as stipulated by the Ministry of Labour in the UAE."