In a groundbreaking move to enhance financial inclusion, Pakistani fintech startup ABHI has partnered with UAE-based LuLu Financial Holdings to provide instant wage access and streamlined remittance services for expatriate workers in the Gulf region. This collaboration aims to offer financial flexibility to workers, enabling them to access their earned wages before payday and remit funds to their families without delays.
Established in 2021, ABHI has rapidly expanded its operations to the UAE, Saudi Arabia, and Bangladesh. The company offers an Earned Wage Access (EWA) facility, allowing employees to withdraw a portion of their earned salary at any time. In 2023, ABHI was recognized as one of the UAE’s Future 100 companies, highlighting its innovative approach to financial services.
The partnership with LuLuFin will integrate ABHI’s EWA platform with LuLu Exchange’s remittance services, providing workers with the ability to send money home instantly. Additionally, the collaboration introduces a “Send Now, Pay Later” feature, offering users the flexibility to defer payments while ensuring timely support for their families.
This initiative addresses a critical need among expatriate workers, many of whom face financial challenges due to delayed wage access and limited remittance options. By leveraging technology to provide real-time financial solutions, ABHI and LuLuFin aim to empower workers and promote economic stability within the expatriate community.
The service is set to launch for Pakistani customers in May, with plans to expand across major remittance corridors in the region. This strategic alliance signifies a significant step toward redefining financial services for global diasporas, fostering greater financial inclusivity and support for migrant workers.
