Pakistan’s ABHI partners with Saudi platform to offer early wage access in Kingdom
KARACHI: Pakistani fintech startup ABHI this week announced it has partnered with Saudi Arabia’s cloud-based Point of Sale (POS) platform to launch the Earned Wage Access (EWA) service in the Kingdom, saying the move would promote financial inclusion.
EWA is a financial solution allowing employees to withdraw a portion of their earned salary anytime before payday, eliminating the need to wait until the end of the month.
The partnership entails integrating ABHI’s EWA technology into TRAY’s enterprise POS ecosystem, restaurants, cafés, and cloud kitchens across the Kingdom, allowing them to provide staff with on-demand salary access. ABHI said the move would financially empower employees, reduce turnover and strengthen retention in one of the most dynamic industries in Saudi Arabia, food and beverage.
“Partnering with TRAY enables ABHI to bring Earned Wage Access directly into the heart of Saudi Arabia’s hospitality sector,” Omair Ansari, ABHI co-founder and chief executive officer, said in a statement on Wednesday.
