To process payroll using the cash deposit payment option, please follow the instructions below:
Upon choosing cash as the transfer mode on Bayzat, an MPN Number is generated (a reference ID number to be used for your payment).
The MPN number will be visible along your trade license on the transactions tab as shown below.
Deposit your cash at any Lulu Exchange branch along with presenting the associated MPN number.
Here is a list of all Lulu Exchange branches.
You payment status will be visible on the platform and you will be notified when salaries have been disbursed to employees.
Payment transaction details
Salaries will be released the same day if the funds are deposited into a Lulu International Exchange branch before 12:00 PM.
Please note: This is subject to any delays from the Central Bank of the UAE.