Al Fardan Exchange & ABHI Launch Salary Advance for Financial Access
▼ Summary
– Al Fardan Exchange has launched a Salary Advance service in partnership with Abhi, allowing WPS customers early access to up to 50% of their earned wages before payday.
– The service is designed to enhance financial inclusion by providing underbanked and unbanked individuals in the UAE with flexible financial options for urgent needs.
– It is accessible through the AlfaPay app and over 90 Al Fardan Exchange branches nationwide, offering a seamless digital and in-person experience.
– This initiative combines Al Fardan Exchange’s market presence with Abhi’s technology to support expat communities and improve financial stability.
– The partnership aims to redefine financial autonomy for workers, enabling them to manage remittances and build resilience with confidence.
A new financial service is now available for workers in the United Arab Emirates, offering early access to earned salaries through a collaboration between Al Fardan Exchange and Abhi Middle East Limited. This Salary Advance initiative is designed specifically for WPS-registered customers, allowing them to withdraw up to half of their wages ahead of payday to cover urgent expenses or send money home. The service can be conveniently accessed via the AlfaPay mobile application or at any of Al Fardan Exchange’s more than 90 branches spread across the country.
This partnership aims to improve financial inclusion by giving underbanked and unbanked individuals greater control over their income. By integrating Al Fardan’s established market presence with ABHI’s advanced financial technology, the program addresses a common challenge faced by many expatriates, managing cash flow between pay cycles. Users can now handle unexpected costs without resorting to high-interest loans, promoting both financial flexibility and stability.
Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, emphasized the importance of the initiative, stating, “Salary Advance represents a key step in our mission to support financial inclusion and deliver meaningful solutions. Allowing early access to earned wages gives our customers the freedom to respond to immediate needs and support their families when it matters most. We are proud to join forces with Abhi Fintech to roll out this service smoothly through our digital platform and branch network.”
Omar Ansari, Co-Founder and CEO of Abhi Middle East Limited, added, “Teaming up with Al Fardan Exchange marks a transformative moment in how workers experience financial independence. As the first exchange in the UAE to implement ABHI’s Earned Wage Access, we are reshaping income and remittance dynamics for millions. This is more than just faster salary access, it’s about empowering individuals to build financial resilience and plan ahead with confidence. Our collaboration signals a new era of inclusive, tech-driven financial services that will uplift communities and set a regional benchmark.”
ABHI, established in 2021, focuses on expanding financial inclusion throughout the GCC and MENAP regions. To date, the company has served over one million users, partnered with more than 5,000 businesses, and processed approximately five million transactions valued at over $500 million. Its technology enables employees to receive funds instantly during financial shortfalls, reducing stress and supporting smarter financial planning.
The launch aligns with a positive economic environment in the UAE. With the International Monetary Fund forecasting 4.0% real GDP growth and inflation remaining low, the financial landscape is ripe for innovative, short-term lending solutions that help everyday earners bridge income gaps.
Together, Al Fardan Exchange and ABHI are creating a more inclusive and responsive financial ecosystem, offering practical tools that help workers across the UAE achieve greater economic security.
(Source: MEA Tech Watch)
