Financial technology company ABHI has announced a strategic partnership with GCC Exchange, a global remittance and foreign exchange firm, to provide Earned Wage Access (EWA) and seamless cross-border payment solutions across the United Arab Emirates. The collaboration aims to serve the UAE's large expatriate workforce.
Under the agreement, ABHI's EWA platform will be integrated with GCC Exchange's extensive network of over 350 branches and digital channels. This will allow employees of partnered companies to access a portion of their already-earned wages before the scheduled payday, providing greater financial flexibility.
The partnership also focuses on streamlining remittances. Workers using ABHI's on-demand pay service can instantly transfer funds to their home countries through GCC Exchange's regulated corridors, potentially reducing transfer times and costs associated with traditional methods.
This initiative addresses liquidity needs and supports financial inclusion for migrant workers, a key demographic in the region. Both companies stated the service is designed to be compliant with UAE financial regulations.
