KARACHI: Pakistani fintech ABHI announced on Monday that it has partnered with a leading real estate portal in Saudi Arabia named Bayut KSA to allow its employees in the Kingdom to avail its Earned Wage Access (EWA) service.
Bayut KSA is a leading real estate marketing platform in Saudi Arabia that connects real estate companies, agencies, tenants, and homeowners through various platforms in a seamless manner.
EWA is a financial solution allowing employees to withdraw a portion of their earned salary any time before payday, eliminating the need to wait until the end of the month. ABHI said in a statement that the partnership will enable Bayut KSA employees to enjoy greater financial flexibility, reduce their day-to-day financial pressure and support overall well-being.
“At ABHI, our mission is to improve financial inclusion across the region,” the fintech’s Co-Founder and CEO Omair Ansari said in a statement.
“Partnering with a dynamic company like Bayut allows us to extend the benefits of Earned Wage Access to more professionals in Saudi Arabia, supporting their financial well-being and ultimately boosting productivity and retention.”
Nouf Alqahtani, the Human Resource operations manager at Bayut KSA, said the company is dedicated to creating a supportive workplace for their team.
“Providing instant access to earned wages through ABHI Saudi offers our employees more convenience, flexibility and control over their financial needs,” he added.
ABHI said the partnership highlights both companies’ commitment to financial empowerment and digital innovation, in line with Saudi Vision 2030, the Kingdom’s long-term plan to diversify the economy and reduce reliance on oil.
ABHI, founded in 2021, has been serving customers in Pakistan, the UAE, Saudi Arabia and Oman through its credit-bridging products.
The company, in addition to EWA, offers services such as invoice factoring, SME working capital and revenue-based financing, and payroll solutions.
