Al Fardan Exchange, in partnership with fintech firm Abhi Middle East Limited, has launched an innovative Salary Advance service for Wage Protection System (WPS) customers across the UAE.
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Al Fardan Exchange, in partnership with fintech firm Abhi Middle East Limited, has launched an innovative Salary Advance service for Wage Protection System (WPS) customers across the UAE.
Al Fardan Exchange, in partnership with fintech firm Abhi Middle East Limited, has launched an innovative Salary Advance service for Wage Protection System (WPS) customers across the UAE. Supported by Hub71, the Abu Dhabi Investment Office (ADIO), and Commercial Bank International, this service allows registered WPS workers to access up to 50% of their earned wages before payday, providing vital financial support for urgent needs such as remittances and household expenses.
The initiative is accessible through Al Fardan’s AlfaPay mobile app and over 90 branches nationwide, specifically targeting underbanked and unbanked expatriate workers who rely on remittance services. By combining Al Fardan Exchange’s extensive reach with ABHI’s real-time earned wage access technology, this service empowers workers with greater financial control and flexibility.
Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, described this launch as a milestone in advancing financial inclusion and supporting families at critical times. Omar Ansari, CEO of Abhi Middle East Limited, emphasized the transformational impact on workers’ financial autonomy, highlighting this as the first deployment of earned wage access by a UAE exchange house.
This launch coincides with a favorable UAE economic outlook, with the IMF projecting 4.0% GDP growth and moderated inflation of 2.1% in 2025, creating an environment conducive to scalable financial products for lower-income earners. The collaboration aims to build a more inclusive, tech-driven financial ecosystem to enhance the economic stability of the UAE’s expatriate workforce.
Founded in 2021, ABHI serves over one million users across the GCC and MENAP regions, processing millions of transactions worth over $500 million since its inception. The Salary Advance service sets a new benchmark for financial services in the Gulf, supporting millions of workers with much-needed liquidity and empowering timely remittances and household budget management.
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