My Pay My Card

What is MyPay My Card?

My Pay My Card is a salary payout solution from LuLu Exchange. It adheres to the Wage Protection Scheme (WPS) — a UAE Ministry of Labour and UAE Central Bank initiative — and streamlines the payroll process. It protects the interests of employees and employers. This card aims to empower businesses and their employees.

How to Use My Pay My Card?

MyPay My Card is essentially a debit card that makes payroll management easy. You can make instant payments using this card at no additional cost. Here’s how it works —

• Log in to the LuLu Money mobile app and start a transfer to the recipient
• Select the payment option as Salary debit card
• Confirm the transaction — once done, you will be redirected to the payment gateway
• Provide your salary card number and confirm the payment
• You will then be taken to a 3D secure page, where you enter the OTP you received on your registered mobile number

How is MyPay My Card Different from a Credit Card?

My Pay My Card is a non-credit, payroll solution. You can spend the funds credited to your salary card. It requires 0 credit checks as you don’t build debt. 

A credit card, on the other hand, allows you to borrow up to a set credit limit, offering rewards and helping build credit history. 

Here are the key differences —

Point to be Noted - Understand that a credit card and MyPay My Card are two very different instruments. While the former helps you earn rewards/cashback and make large purchases, a salary card has a low spending capacity and is a safe way to receive your salary.

Key Features of MyPay My Card

Since it's a salary debit card, My Pay My Card is suitable for daily financial transactions. Find below the key features of this card —

• Save and Access Salary: You receive monthly salary credits into the card, and the funds remain available. You can withdraw cash from ATMs at select branches. 
• WPS Compliant: This card is specially designed for employees and corporations. 
• Global Utility: It operates on the MasterCard network and is suitable for international use. 
• Easy Money Transfer: You can send money using your salary card via the LuLu Money transfer app and get offers and benefits. 

Who Should Use My Pay My Card?

MyPay card is designed for employees who receive their salary through the Wage Protection Scheme and are seeking a safe, app-based means to manage funds. Here’s a general buyer’s persona for this card. 

• Employees without bank accounts
• Wage earners
• New-to-UAE employees
• Payroll card users

Where Can You Use My Pay Card?

MyPay My Card is used by 30,000+ companies and 400,000+ employees. This payroll solution is suitable for in-store shopping, ATM cash withdrawals, and online payments. 

You can use this card for/at —

• ATMs for cash withdrawal from select FAB branches (free withdrawals are subject to 2 transactions per month)
• LuLu App to manage payroll, check balance, and remit money
• Online transactions that accept the MasterCard network
• Use it for merchant payments like a debit card — supermarkets, restaurants, retail stores, fuel stations, and pharmacies

In a Nutshell: This card is primarily used to receive salary and offers a convenient, secure way for employees to manage funds without a conventional bank account. 

How to Do MyPay My Card Balance Check?

You can do a card balance check at select ATMs for a nominal charge of AED 2 (first 2 transactions are exempted at FAB ATMs per month). 

My Pay My Card Fees and Limits

Take a look at the major charges associated with MyPay My Card —

Note: The charges above are for reference only and are subject to change