Al Ansari Financial Services PJSC (DFM: ALANSARI), a premier integrated financial services group in the UAE and the parent of Al Ansari Exchange L.L.C., has partnered with Halan, the leading regional fintech company.
The partnership seeks to empower the underbanked and unbanked populations in the UAE through innovative financial solutions. This collaboration will launch Salary Advance and Send Now, Pay Later (SNPL) services, providing Al Ansari Financial Services’ customers with greater financial flexibility and convenience.
Salary Advance enables individuals to instantly access a portion of their earned wages before their payday, promoting financial flexibility and reducing reliance on high-interest credit options. This highlights the mutual commitment of Al Ansari Financial Services and Halan to enhancing financial inclusion while delivering advanced solutions to empower customers.
Al Ansari Financial Services brings its extensive network, trusted reputation, and deep-rooted expertise in financial services, while Halan contributes its innovative fintech platform, compliant solutions, and deep understanding of underbanked markets. Together, the partnership will offer financial services that cater to the diverse needs of the UAE’s workforce.
Mohammad Bitar Deputy Group CEO – Al Ansari Financial Services
“Al Ansari Financial Services has always been at the forefront of delivering solutions that empower individuals and businesses. 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.”
Additionally, the SNPL service will enable customers to send a larger amount of money instantly to family members and repay it on installments over time, strengthening their financial capabilities.
This partnership follows Halan’s recent launch in the UAE as part of its regional expansion into the GCC. Within just a couple of months, the company has already served over 50,000 users. By providing tailored solutions for the UAE’s underserved workforce, Halan provides instant, paperless access to financial services, empowering both individuals and businesses through innovative financial tools.
Omar Ramadan, Managing Director of Halan GCC, added that, “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.”
Al Ansari Financial Services’ introduction of Salary Advance and SNPL services emphasizes its unwavering commitment to innovation and customer-centricity, harnessing the power of technology to meet the evolving needs of the market.
