KARACHI: Pakistan-origin fintech ABHI has partnered with the UAE’s Al Fardan Exchange to launch a salary-advance service that allows migrant workers to access up to half of their earned income before payday in a move designed to improve cash-flow flexibility for millions of expatriates, the companies said on Tuesday.
The collaboration, the first of its kind between a Pakistani fintech and a UAE exchange house, seeks to boost financial inclusion across the Gulf by offering underbanked and unbanked workers digital access to short-term liquidity. The service, available through AlfaPay, Al Fardan Exchange’s app and its network of more than 90 branches, combines ABHI’s earned-wage-access technology with Al Fardan’s long-established remittance infrastructure.
ABHI, founded in 2021 and backed by Hub71 and the Abu Dhabi Investment Office (ADIO), operates across the GCC and has processed more than $500 million in transactions through partnerships with over 5,000 companies.
“The launch of Salary Advance is a milestone in our mission to champion financial inclusion and deliver solutions that truly make a positive impact on people’s lives,” said Hasan Fardan Al Fardan, CEO of Al Fardan Exchange. “By giving customers the ability to access their wages early, we are empowering them with financial flexibility and the means to support their families anytime.”
