Page 47 - AAE PR REPORT - January 2025

1/15/25, 8:11 AM Al Ansari Financial Services Partners with Abhi to Launch Earned Wage Access and Send Now, Pay Later Services
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.

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