Abu Dhabi-based fintech ABHI has announced a strategic partnership with GCC Exchange, a major remittance and foreign exchange provider. The collaboration will integrate ABHI’s Earned Wage Access (EWA) platform with GCC Exchange’s remittance network, allowing workers in the UAE to access their earned salaries on-demand and send funds abroad without waiting for their monthly payday.
Quick Facts
- ABHI and GCC Exchange announce strategic partnership.
- Combines instant wage access with remittance services.
- Targets UAE workers needing to send money home.
Tackling the Pay Cycle Problem for Expats
For many expatriate workers in the UAE, the traditional monthly pay cycle can create financial pressure, especially when urgent needs arise back home. This new initiative directly addresses this challenge by giving employees the flexibility to withdraw a portion of their earned income whenever they need it. This financial flexibility ensures they can provide timely support for their dependents abroad.
The partnership aims to streamline how individuals manage their earnings and international money transfers by merging two distinct financial services into a single, user-focused experience.
A Shared Vision for Financial Flexibility
Leaders from both companies highlighted the collaboration’s goal of improving financial well-being for the region’s workforce.
“Our partnership with ABHI marks an important step forward in how financial services can better serve today’s workforce,” said Mr. Yash Rajesh, General Manager at GCC Exchange. “By combining our trusted remittance capabilities with ABHI’s innovative Earned Wage Access platform, we are creating a solution that offers both immediacy and reliability.”
Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, added, “The partnership with GCC Exchange reflects our commitment to solving one of the most fundamental gaps in financial systems, timely access to earned income. Together with GCC Exchange, we are creating a powerful ecosystem that empowers workers to access liquidity when they need it and support their families without delay.”
ABHI’s Rapid MENAP Expansion
Since launching in 2021, ABHI has grown its presence across Pakistan, the UAE, Saudi Arabia, and Oman. The company, which is backed by Hub71 and the Abu Dhabi Investment Office, reports serving over one million users through more than 7,000 business partners. The firm focuses on providing on-demand access to liquidity for both employees and businesses to promote financial inclusion in emerging markets.
About ABHI
ABHI provides a suite of financial solutions, including Earned Wage Access and SME Financing. The fintech has partnered with over 7000 companies and has received recognition from Hub71, Endeavor, and the World Economic Forum, which named it a Technology Pioneer in 2023. ABHI was also selected as one of the Future 100 companies in the UAE and is part of Mastercard’s Start Path Small Business program.
About GCC Exchange
GCC Exchange is a leading remittance and foreign exchange provider in the UAE. With a network of branches and digital platforms, the company offers cross-border money transfers and currency exchange services to a diverse customer base, focusing on enhancing financial accessibility and convenience across the region.
Source: Zawya
