Breaking Down Barriers: Al Ansari Financial Services and Halan Unite to Empower the Underbanked
In a move set to revolutionize the financial landscape in the UAE, Al Ansari Financial Services, a leading integrated financial services group, has forged a strategic partnership with Halan, a regional fintech company. This collaboration aims to provide innovative financial solutions to the underbanked and unbanked populations in the UAE, promoting greater financial flexibility and convenience.
Introducing Game-Changing Financial Solutions
The partnership will introduce two groundbreaking services: Salary Advance and Send Now, Pay Later (SNPL). Salary Advance allows individuals to instantly access a portion of their earned wages before their payday, reducing reliance on high-interest credit options and fostering greater financial flexibility. These services will provide Al Ansari Financial Services’ customers with unparalleled convenience and control over their finances.
A Powerful Union
Through this collaboration, Al Ansari Financial Services brings its extensive network, trusted reputation, and deep-rooted expertise in financial services to the table. Halan contributes its cutting-edge fintech platform, compliant solutions, and in-depth understanding of underbanked markets. Together, they create a seamless, secure, and accessible offering tailored to meet the diverse needs of the UAE’s workforce.
A Shared Vision of Financial Inclusion
Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, emphasized the significance of this partnership: “Our collaboration with Halan reflects our shared commitment to 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.”
Empowering Individuals, Enabling Financial Independence
Omar Ramadan, Managing Director of Halan, added: “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.”
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