Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

Omair Ansari (right), Co-Founder & CEO of Abhi Middle East Limited, and Mohammad Bitar, group deputy CEO of Al Ansari Financial Services, pose for picture in Abu Dhabi, UAE, on January 13, 2025. (Abhi)
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Updated 13 January 2025
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Pakistani fintech operator partners with UAE group to provide financial solutions in Emirates

  • Partnership to help customers in United Arab Emirates access earned wages prior to scheduled payroll date
  • Move “significant step” in providing flexible financial solutions to unbanked individuals, says Pakistani fintech 

KARACHI: An emerging fintech operator in the Middle East and Pakistan, Abhi, announced on Monday it has partnered with UAE’s Al Ansari Financial Services to provide financial solutions to banked and unbanked communities in the UAE. 

Abhi is a Pakistani fintech company that provides employers an opportunity to withdraw their earned salary any day through its Earned Wage Access (EWA) facility and other products. Founded in 2021, Abhi has been serving customers in Pakistan, UAE and Bangladesh through its credit-bridging products. 

Al Ansari Financial Services is a UAE-based financial services ecosystem that enables the mobility of money locally and globally. For almost 60 years, the group says it has enabled tourists, residents and businesses to transfer and exchange money and conduct payments effectively.

“In a move set to reshape the financial landscape, Al Ansari Financial Services one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to broaden the spectrum of financial solutions available to consumers, ensuring a seamless service experience across the board,” Abhi said in a statement. 

The alliance will provide EWA and Send Now, Pay Later (SNPL) services to complement Al Ansari Financial Services’ existing portfolio from the second quarter of this year, Abhi said. The alliance will help address the varied needs of both unbanked and underbanked communities in the UAE, it added. 

The statement said that the solutions would be gradually introduced across multiple platforms to ensure easy and convenient access for customers, allowing for a smooth integration and enhanced user experience of the financial services.

“Abhi, a pioneer in earned wage access and technology-driven financial solutions, will be providing a technology platform and operational framework that will enable Al Ansari Financial Services’ customers to access their earned wages prior to the scheduled payroll date, in addition to allowing the unbanked and underbanked customers to remit funds internationally instantly while deferring payment,” Abhi said. 

It said Al Ansari will identify eligible customers for both services. 

“This partnership aligns with our ongoing mission to enhance financial accessibility and provide flexible solutions that cater to diverse financial needs,” Mohammad Bitar, group deputy CEO of Al Ansari Financial Services, said in a statement. 

Omair Ansari, co-founder and CEO of Abhi Middle East Limited, said the partnership is a “significant step” in providing unbanked individuals with flexible financial solutions. 

“Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances,” Ansari said. 


Pakistan forces retake Balochistan town using drones, helicopters as violence toll rises

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Pakistan forces retake Balochistan town using drones, helicopters as violence toll rises

  • Security forces say 197 BLA militants killed after coordinated attacks across the province
  • Police say additional troops were sent to the remote town of Nushki amid rising violence

QUETTA: Pakistan’s security forces used drones and helicopters to wrest control of a southwestern town from separatist insurgents after a three-day ​battle, police said on Wednesday, as the death toll in the weekend’s violence rose to 58.

Saturday’s wave of coordinated attacks by the separatist Baloch Liberation Army brought Pakistan’s largest province to a near standstill as security forces exchanged fire with insurgents in more than a dozen places, killing 197 militants.

“I thought the roof and walls of my house were going to blow up,” said Robina Ali, a housewife living near the main administrative building in the fortified provincial capital of Quetta, where a powerful morning blast rocked the area.

Fighters of the BLA, the region’s strongest insurgent group, stormed schools, banks, markets and ‌security installations across Balochistan ‌in one of their largest operations ever, killing more than 22 ‌security ⁠officials ​and 36 ‌civilians.

Police officials gave details of the situation on condition of anonymity as they were not authorized to speak to the media.

In the desert town of Nushki, home to about 50,000, the insurgents seized control of the police station and other security installations, triggering a three-day standoff.

Police said seven officers were killed in the fighting before they regained control of the town late on Monday, while operations against the BLA continue elsewhere in the province.

“More troops were sent to Nushki,” said one security official. “Helicopters and drones were used against the militants.”

Pakistan’s ⁠interior ministry did not immediately respond to a Reuters request for comment.

LATE NIGHT ATTACKS

Pakistan’s largest and poorest province, mineral-rich Balochistan borders Iran and ‌Afghanistan and is home to Beijing’s investment in the Gwadar deep-water ‍port and other projects.

It has grappled with a ‍decades-long insurgency led by ethnic Baloch separatists seeking greater autonomy and a larger share of its natural ‍resources.

The BLA, which has urged people of the province to support the movement, said on Tuesday it had killed 280 soldiers during its Operation “Herof,” Black Storm, but gave no evidence.

Security officials said the weekend attacks began at 4 a.m. on Saturday with suicide blasts in Nushki and the fishing port of Pasni and gun and grenade ​attacks in 11 more places, including Quetta.

The insurgents seized at least six district administration offices during the siege and had advanced at one point to within 1 km (3,300 ft) ⁠of the provincial chief minister’s office in Quetta, the police officials said.

EVOLVING INSURGENCY

Pakistan has blamed India for the attacks, without furnishing evidence for charges that could escalate hostilities between the nuclear-powered neighbors who fought their worst armed conflict in decades in May.

India’s foreign ministry has rejected the charges, saying Islamabad should instead tackle the “long-standing demands of its people in the region.”

Retired Lt. General Amir Riaz, who led the military in Balochistan from 2015 to 2017, said the insurgency had evolved over the last decade.

He added that it gained strength as the BLA received Indian support and used Afghanistan as a staging ground for its attacks, a charge the Taliban government has denied.

Riaz said the conflict would oscillate between stalemate and periods of heightened violence.

“It has escalated. The response will be decisive, leading to serious capacity degradation of BLA,” he said, denying that the Pakistani military ‌has used excessive force in Balochistan.

“However, ultimately the issues are only resolved through political process and governance.”