The UAE News Report: Abu Dhabi, UAE – LuLu Exchange, one of the UAE’s most trusted financial services companies and a part of LuLu Financial Holdings, has announced a partnership with Abhi Middle East Limited, the neo bank of the future backed by Hub71 and the Abu Dhabi Investment Office (ADIO), and funding enabled by Commercial Bank International (CBI). The collaboration aims to empower workers across the UAE with instant access to their earned wages and seamless cross-border remittance solutions, bridging the gap between income and family support like never before.
Through this partnership, workers will be able to access their Earned Wage Access (EWA) instantly and send money to their families back home without waiting for payday. This service will enhance financial flexibility and ensure timely support for expatriate communities who form the backbone of the UAE’s workforce.
By combining LuLu Exchange’s extensive network and trusted remittance expertise with ABHI’s financial technology, the initiative is set to transform how workers access, manage, and move their money across borders. This partnership underscores LuLu Exchange’s continued commitment to leveraging innovation to improve financial access and enhance the customer experience. For ABHI, it further reinforces its vision to drive inclusive, technology-led financial solutions across the region, ensuring every individual has the tools to achieve financial wellness and independence.
“At Lulu Exchange, we believe that timely access to earnings is a fundamental need and this collaboration enables workers to support their families with greater control and confidence. Partnering with Abhi allows us to take a decisive step toward reshaping financial access for the UAE’s workforce. We are creating a powerful ecosystem that places customer empowerment at its core by merging Abhi’s innovative EWA technology with our trusted remittance network,” said Thampi Sudarsanan, CEO of Lulu Exchange, UAE.
Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, added: “Partnering with LuLu Exchange, a trusted name synonymous with excellence and accessibility in financial services, allows us to enable workers to gain control over their earnings and support their families back home without financial strain. By integrating ABHI’s technology with LuLu’s deep market expertise, this collaboration represents a step forward in advancing financial inclusion and delivering true economic empowerment.”
Founded in 2021, ABHI has expanded its presence across Pakistan, the UAE, and Saudi Arabia, empowering employees and businesses with fast, secure, and transparent access to on-demand liquidity. To date, the company has served over 1 million users, onboarded more than 5,000 businesses, and processed transactions totaling over $500 million, driving financial empowerment for individuals and SMEs across the region.-abdulbasit@theuaenews.com