MENAP-based fintech ABHI has partnered with Federal Exchange, a major currency exchange and remittance provider in the UAE. The collaboration aims to integrate digital financial services with traditional remittance infrastructure, targeting improved efficiency and security for both individual and business transactions in the region.
Quick Facts
- Partnership between fintech ABHI and Federal Exchange.
- Focus on cross-border payments and financial inclusion.
- Targets individuals and businesses across the UAE.
Bridging Digital Finance and Traditional Remittance
The partnership combines ABHI’s financial technology, which includes Earned Wage Access and SME financing, with Federal Exchange’s established network for currency exchange and money transfers. The goal is to create a more streamlined experience for customers managing and moving money across borders.
“This partnership with Federal Exchange marks an important milestone in our mission to create a more financially inclusive and empowered UAE,” said Omair Ansari, Co-Founder & CEO of ABHI. “By combining innovation with trusted financial infrastructure, we are enabling individuals and businesses to manage, move, and grow their money effortlessly.”
This move aligns with the UAE’s broader push towards a digitally-driven economy by making financial services more accessible.
“Partnering with ABHI represents a natural alignment of our shared values, trust, innovation, and financial empowerment,” commented Romish, Assistant General Manager at Federal Exchange. “Together, we are creating a seamless bridge between traditional remittance services and the future of digital finance, ensuring that our customers experience faster, safer, and more convenient ways to move money.”
ABHI’s Growing Regional Footprint
ABHI has built a significant presence by providing a suite of financial solutions to over 7,000 companies. The company has gained recognition from key ecosystem players like Hub71 and Endeavor.
It was also the first in the MENAP region to receive the Technology Pioneer 2023 Award from the World Economic Forum. More recently, ABHI was selected as one of the UAE’s Future 100 companies and was chosen for Mastercard’s Start Path Small Business program.
About ABHI
ABHI is a financial technology company offering solutions that include Earned Wage Access and SME Financing. It has established partnerships with over 7,000 companies across the MENAP region.
About Federal Exchange
Federal Exchange is a UAE-based currency exchange and remittance provider. It offers money transfer and currency exchange services to individuals and businesses across the UAE.
Source: Zawya
