Codebase Technologies has announced a strategic partnership with Abhi, a platform specializing in financial well-being across the Middle East, Africa, and Asia Pacific (MENAP).<\/p>\n
This collaboration aims to deliver innovative solutions for earned wage access (EWA) through Codebase Technologies’ Digibanc platform.<\/p>\n
The agreement seeks to enhance global financial inclusion by equipping companies with advanced tools to support the financial wellness of their employees.<\/p>\n
Recent reports indicate that approximately 76% of workers live paycheck to paycheck, with over 60% experiencing financial stress that directly impacts their productivity and job satisfaction.<\/p>\n
Around 1.7 billion people worldwide lack access to formal financial services, making the need for affordable financial solutions more urgent than ever.<\/p>\n
The partnership between Codebase Technologies and Abhi aims to address these pressing issues by providing an alternative to high-interest loans and costly credit options.<\/p>\n
Raheel Iqbal, Managing Partner at Codebase Technologies, expressed his enthusiasm for the collaboration, stating, \u201cWe are excited to partner with Abhi to deliver an innovative solution that addresses financial well-being for employees on a global scale.\u201d<\/p>\n
He added, \u201cWith the robust Digibanc platform and Abhi’s advanced EWA technology, we are making significant strides toward enhancing financial inclusion and empowering companies to support their employees in meaningful ways.\u201d<\/p>\n
Ali Ladhubhai, Co-Founder and COO of Abhi, remarked, \u201cThe partnership with Codebase Technologies represents a transformative opportunity for Abhi to accelerate our mission of democratizing access to financial services.<\/p>\n
By leveraging the power of the Digibanc platform, we are extending these benefits across multiple regions, enabling individuals to access their earnings instantly when they need it the most.<\/p>\n
At the same time, we help businesses adopt smarter and more efficient cash flow management methods, creating a win-win situation for both employers and employees.\u201d<\/p>\n
Founded in 2021, Abhi is committed to promoting financial inclusion in the region, serving Pakistan, the UAE, and Saudi Arabia through its innovative credit facilitation products.<\/p>\n
These offerings, which include access to earned wages, payroll solutions, and financing for small and medium-sized enterprises (SMEs), are designed to empower businesses and their employees financially.<\/p>\n
By integrating Abhi’s solution into Digibanc, Codebase Technologies provides companies with the opportunity to support their workforce, alleviate financial pressures, and boost overall productivity.<\/p>\n
Abhi allows employees to access up to 50% of their accrued wages instantly, providing a reliable safety net for unexpected expenses or emergencies.<\/p>\n
Codebase Technologies has the capability to assist key clients in the banking sector in launching payroll advance programs and early wage access in the MENA region, enhancing employee well-being and financial inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Codebase Technologies has announced a strategic partnership with Abhi, a platform specializing in financial well-being across the Middle East, Africa, and Asia Pacific (MENAP).<\/p>\n","protected":false},"author":11,"featured_media":34770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6035,6034],"class_list":["post-34767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-abhi-en","tag-codebase-technologies"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/34767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=34767"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/34767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/34770"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=34767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=34767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=34767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}