Governance
Central Bank of the UAE (CBUAE)
The UAE's central bank, a key partner in developing and overseeing the WPS.
Definition
The Central Bank of the UAE (CBUAE) is the monetary authority of the UAE and a crucial partner in the Wage Protection System. It was instrumental in developing the WPS, authorizes the financial institutions that act as WPS agents, ensures the security of funds, and maintains the overall financial integrity and efficiency of the electronic wage transfer system.