Abu Dhabi - Sharikat Mubasher: Abhi, an embedded finance platform backed by Hub71, forged a partnership with Mastercard to enhance the financial payments landscape across the UAE, according to a recent statement.
Through this partnership, both parties aim to enhance the digital payment infrastructure, accelerate future transaction expansion, and promote financial inclusivity.
Abhi will leverage Mastercard’s technology and solutions to enrich its services and provide users with safe and swift transactions. Users will have access to Mastercard-powered Salary Advance Cards, a technology enabling users to make local and international payments.
This collaboration represents a milestone in modernizing the payment infrastructure and fostering a secure digital economy.
Omair Ansari, Co-founder and CEO of Abhi, said: “This collaboration fosters financial wellness and ignites transformative change, propelling us toward a brighter, more inclusive financial future for all.”
Meanwhile, Gina Petersen-Skyrme, Vice President and Country Business Development Lead for UAE and Oman at Mastercard, commented: “With innovation and efficiency at its heart, our latest partnership with ABHI connects the fintech pioneer’s customers to our extensive global payments network, providing them with a whole new level of flexibility.”
He emphasized Mastercard’s commitment to leveraging leading-edge technologies to develop new payment solutions while offering unprecedented convenience and security.
Founded in 2021, Abhi provides a full suite of products and services, including EWA, payroll solutions, and SME financing.