Al Ansari Financial Services and Halan Partner to Introduce Pioneering Financial Solutions in the UAE
Empowering Financial Freedom for the Underbanked and Unbanked Populations
Al Ansari Financial Services PJSC (DFM: ALANSARI), a leading financial services group in the UAE and parent company of Al Ansari Exchange L.L.C., has entered into a strategic partnership with Halan, the region’s premier fintech company. This collaboration aims to enhance financial inclusion and empower underserved populations in the UAE through innovative offerings like Salary Advance and Send Now, Pay Later (SNPL) services.
Salary Advance provides instant access to a portion of earned wages before payday, promoting financial flexibility while reducing dependence on high-interest credit options. The SNPL service allows users to transfer larger sums of money instantly to family members, with the flexibility to repay in installments, offering increased financial convenience.
The partnership combines Al Ansari Financial Services’ extensive network and expertise with Halan’s cutting-edge fintech platform, creating a secure, accessible, and user-friendly solution tailored to the UAE’s diverse workforce.
“Al Ansari Financial Services has always prioritized empowering individuals and businesses through innovative solutions,” said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. “This partnership reflects our commitment to fostering financial independence and inclusivity. By introducing Earned Wage Access services, we address the needs of those with limited access to traditional banking.”
Halan, which launched its UAE operations in April 2024, has already served over 50,000 users and aims to reach 250,000 customers by 2025. Omar Ramadan, Managing Director of Halan GCC, emphasized the transformative potential of this partnership, stating, “Together, we are redefining financial accessibility and inclusion, providing instant, paperless solutions for underserved communities.”
This collaboration underscores both companies’ dedication to leveraging technology for meaningful impact. As the UAE continues its progress toward a more inclusive financial ecosystem, this partnership sets a benchmark for innovation and sustainability in financial services.
Add Your Directory With Us
Boost your visibility with our Business Directory
Add Your BCard With Us
Open the door to new professional connections.
DayOfDubai
Business Services
