Abhi Saudi, powered by Alraedah Digital Solutions, has announced a new partnership with QBS to provide its Earned Wage Access (EWA) solution to employees in the Kingdom. The initiative allows QBS staff to access a portion of their earned salary at any point during the month, aiming to enhance their financial stability.
Quick Facts
- Abhi partners with QBS in Saudi Arabia.
- Offering on-demand salary access for employees.
- Aims to reduce dependency on short-term borrowing.
Modernizing Payroll in the Kingdom
The collaboration allows QBS employees to instantly withdraw earned income before their scheduled payday, addressing immediate financial needs without resorting to high-interest loans. This model is designed to bridge the liquidity gap many salaried individuals face between pay cycles.
“Earned Wage Access bridges the gap between earning and access, benefiting both employers and employees. Partnering with QBS allows us to bring this transformation to a fast-evolving, digital-first workforce,” said Omair Ansari, Co-Founder and CEO of ABHI.
Faraz Ahmed Quddusi, CEO of QBS, highlighted the employee-centric benefits of the partnership. “Our people are at the core of QBS’s success, and this collaboration with ABHI gives them greater control over their earnings and financial well-being. It reflects our commitment to building a modern, employee-first workplace in the Kingdom.”
Abhi’s Growing Regional Footprint
The partnership with QBS is the latest in a series of strategic moves for Abhi as it expands its financial wellness solutions across the region. The fintech company has already built a network of over 7,000 corporate partners for its suite of services, which includes EWA and SME financing.
Abhi has gained significant industry recognition, including from Hub71 and Endeavor. The firm was also the first in the MENAP region to receive the Technology Pioneer 2023 Award from the World Economic Forum. More recently, it was named one of the UAE’s Future 100 companies and was selected for Mastercard’s Start Path Small Business program.
About Abhi
Abhi is a financial wellness platform that offers a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The company aims to drive economic growth and create social impact by empowering employees and businesses with flexible and accessible financial tools.
Source: Zawya
