In a strategic move to enhance financial inclusion, Al Ansari Financial Services has joined forces with Halan, a prominent fintech company. This partnership aims to provide underbanked and unbanked populations in the UAE with greater financial flexibility through innovative solutions like Salary Advance and Send Now, Pay Later (SNPL) services. By leveraging their combined expertise, the collaboration seeks to create accessible and secure financial offerings that cater to the diverse needs of the UAE's workforce.

The alliance underscores Al Ansari Financial Services' commitment to fostering financial independence and inclusivity. Through Earned Wage Access services, they aim to support customer financial well-being, particularly for those with limited access to traditional banking services. Halan brings its fintech platform and market understanding, while Al Ansari contributes its extensive network and trusted reputation in financial services. Together, they are setting new benchmarks for financial accessibility in the region.

Pioneering Financial Solutions for Greater Flexibility

This partnership introduces groundbreaking financial tools designed to empower individuals with more control over their finances. The Salary Advance service allows employees to access a portion of their earned wages before payday, offering immediate financial relief without resorting to high-interest credit options. Meanwhile, the Send Now, Pay Later service provides an additional layer of convenience for managing expenses.

By launching these innovative services, Al Ansari Financial Services and Halan address the financial challenges faced by many in the UAE. Salary Advance enables workers to bridge the gap between paychecks, reducing stress and improving overall financial health. The Send Now, Pay Later option facilitates smoother transactions and better budget management. These services are not only practical but also promote ethical financial practices, ensuring users can make informed decisions about their money. The collaboration is set to revolutionize how people manage their finances, offering a safer and more transparent alternative to traditional borrowing methods.

A Commitment to Financial Inclusion and Independence

The partnership leverages the strengths of both organizations to expand financial inclusion. Al Ansari Financial Services utilizes its established network and deep-rooted expertise in financial services, while Halan contributes its advanced fintech platform and understanding of underbanked markets. Together, they aim to provide tailored financial solutions that meet the unique needs of the UAE’s workforce.

Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, emphasized the importance of this partnership in promoting financial independence. He highlighted that by pioneering Earned Wage Access services, they are supporting the financial well-being of customers who may have limited access to traditional banking. Omar Ramadan, Managing Director of Halan, echoed this sentiment, noting that their combined efforts will set a new standard for financial accessibility and inclusion in the region. The collaboration ensures that these services not only meet current needs but also pave the way for future innovations in financial services, ultimately empowering individuals to make more informed and responsible financial decisions.