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1/2/25, 1:32 PM Al Ansari Financial Services and Halan Partner to Introduce Pioneering Financial Solutions in the UAE

Business

Dec 30, 2024 202 20

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.”

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