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1/2/25, 2:06 PM Al Ansari Financial Services, Halan to drive financial inclusion in UAE - Mubasher Info

Al Ansari Financial Services, Halan to drive financial inclusion in UAE

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30 December 2024 04:16 PM

ALANSARI
ALANSARI
-0.80% Dubai – Mubasher: Al Ansari Financial Services has entered into a strategic partnership with Halan to
0.99 -0.01 empower the underbanked and unbanked populations in the UAE through advanced financial solutions.
The two entities will introduce Salary Advance and send now, pay later (SNPL) services, providing Al Ansari Financial Services’ customers with
financial flexibility and convenience, according to a press release.
Salary Advance is a transformative solution that enables individuals to instantly access a portion of their earned wages before their payday, which
boosts financial flexibility and reduces reliance on high-interest credit options.
This partnership follows Halan’s recent launch in the UAE as part of its regional expansion into the GCC. It creates seamless, secure, and
accessible offerings tailored to meet the diverse needs of the UAE’s workforce.

Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, commented: “Our partnership with Halan reflects our shared vision of
enabling financial independence and fostering greater inclusivity.”
“By pioneering Earned Wage Access services, we are providing a practical and ethical solution to support the financial well-being of our customers,
especially those who have limited access to traditional banking services,” Bitar added.
Omar Ramadan, Managing Director of Halan GCC, said: “Our fintech expertise, combined with Al Ansari Financial Services’ legacy of trust and
service excellence, ensures that this solution not only meets the needs of the underbanked but also sets a new benchmark for financial accessibility
and inclusion in the region.”
Last October, Al Ansari Financial Services disbursed AED 157.50 million as interim cash dividends for 2024.

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