Al Ansari Financial Services Partners with Abhi to Launch Earned Wage Access and Send Now, Pay Later Services

Business

Al Ansari Financial Services Partners with Abhi to Launch Earned Wage Access and Send Now, Pay Later Services

Al Ansari Financial Services PJSC (DFM: ALANSARI), a prominent financial services group in the UAE, has announced a strategic partnership with Abhi Middle East Limited, the region’s leading embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO). The collaboration aims to deliver innovative financial solutions, including Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services, catering to the diverse needs of unbanked and underbanked communities in the UAE.

Innovative Financial Offerings for Underserved Communities

Set to launch in Q2 2025, pending regulatory approvals, this partnership represents a significant step forward in financial inclusivity. The solutions will integrate seamlessly across multiple platforms, ensuring an easy-to-use experience for customers.

Earned Wage Access (EWA): Enables customers to access a portion of their earned wages before their payroll date, addressing immediate financial needs.
Send Now, Pay Later (SNPL): Offers instant international remittance options with deferred payment capabilities, providing flexibility for underbanked customers.

Building on Previous Collaborations

The partnership builds on Al Ansari Financial Services' earlier collaborations with leading fintech platforms to introduce advanced financial solutions. Leveraging its extensive customer base and market presence, the Group is committed to scalability and efficiency, ensuring innovative financial offerings are accessible to all.

Driving Financial Inclusion with Abhi’s Expertise

As a pioneer in technology-driven financial solutions, Abhi will provide the operational framework and technology platform to support Al Ansari Financial Services' new offerings. By combining Abhi’s innovative technology with Al Ansari’s market expertise, the partnership aims to deliver impactful solutions to underserved communities.

Leadership Perspectives

Mohammad Bitar, Group Deputy CEO of Al Ansari Financial Services, said:
“By collaborating with Abhi, we're expanding our service ecosystem to offer more choices to our customers. This partnership aligns with our ongoing mission to enhance financial accessibility and provide flexible solutions that cater to diverse financial needs.”
Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, added:
“Partnering with Al Ansari Financial Services is a significant step in providing unbanked individuals with accessible and flexible financial solutions. Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances.”

A Commitment to Financial Accessibility

This collaboration reinforces both organizations’ shared vision of driving financial inclusion in the UAE. By providing innovative tools tailored to underserved communities, the partnership is poised to empower individuals with greater flexibility and convenience in managing their financial needs.