Al Ansari Financial Services has announced a strategic partnership with regional fintech company Halan, aimed at enhancing financial inclusion and empowering underbanked and unbanked populations in the UAE.
The partnership introduces two key services: Salary Advance and Send Now, Pay Later (SNPL), which offer greater financial flexibility and convenience for Al Ansari Financial Services’ customers.
The Salary Advance service enables individuals to access a portion of their earned wages instantly before payday, reducing reliance on high-interest credit options and fostering financial flexibility.
The SNPL service allows customers to send larger amounts of money instantly to family members, with the option to repay in installments, enhancing their financial capabilities.
“Al Ansari Financial Services has always been at the forefront of delivering solutions that empower individuals and businesses,” said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services.
“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,” he added.
This partnership combines Al Ansari Financial Services’ extensive network and expertise with Halan’s innovative fintech platform.
Together, they aim to create secure, seamless financial solutions tailored to the diverse needs of the UAE workforce.
Omar Ramadan, Managing Director of Halan GCC said: “Together with Al Ansari Financial Services, we are enabling a groundbreaking service that empowers individuals to make informed financial decisions. 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.”
This partnership comes as Halan expands its footprint in the UAE following its market entry in April 2024. Within a few months, the company has served over 50,000 users and aims to reach 250,000 customers by 2025.
Halan’s solutions focus on providing instant, paperless access to financial services for underserved segments of the UAE workforce.
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