Page 63 - AAE PR REPORT - December 2024
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1/2/25, 1:29 PM           UAE: Salary advance, remit and pay later options coming soon for unbanked residents - News | Khaleej Times
         The send now, pay later (SNPL) service by Al Ansari Financial Services will allow customers to instantly send a larger
         amount of money to family members and repay it in instalments over time, further enhancing their financial capabilities.


         The UAE residents’ remittances amounted to $38.5 billion in 2023, the second highest after the US ($85.5 billion),
         according to the World Bank.


         Launched in December 2024, Halan provides a salary advance solution for employees and businesses. It aims to
         address the needs of the UAE's over 3.7 million underbanked expatriates, who often face challenges accessing
         traditional banking services.


         Halan Advance has already gained traction in the UAE, with over 40,000 customers acquired since April 2024. The
         company plans to reach 250,000 customers and disburse Dh350 million in loans by the end of 2025.


         "The response to Halan Advance has been fantastic," said Omar Ramadan, managing director of Halan GCC.

































































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