UAE-Based Fintech Codebase Technologies Partners with Pakistan’s Abhi
In a move that promises to revolutionize employee financial well-being, UAE-based fintech leader Codebase Technologies has announced a strategic partnership with Pakistani fintech pioneer Abhi. This collaboration will leverage Codebase Technologies’ Digibanc platform to introduce innovative Earned Wage Access (EWA) solutions across multiple geographies.
Addressing a Critical Need
A significant portion of the global workforce faces financial hardship. Consequently, approximately 76% of workers live paycheck to paycheck. Over 60% experience financial stress, which negatively impacts their productivity and overall well-being. Almost 1.7 billion people worldwide lack access to formal financial services. Therefore, there is an urgent need for accessible and inclusive financial solutions.
A Win-Win for Employees and Employers
The partnership between Codebase Technologies and Abhi offers a compelling solution to these challenges. By integrating Abhi’s cutting-edge EWA technology into its Digibanc platform, Codebase Technologies empowers businesses to:
- Enhance Employee Well-being: Provide employees with on-demand access to their earned wages, reducing financial stress and improving overall job satisfaction.
- Boost Productivity: By alleviating financial worries, employees can focus on their work, leading to increased productivity and improved workplace morale.
- Offer a Competitive Advantage: Attract and retain top talent by offering a unique and valuable employee benefit that enhances financial security.
Codebase Technologies and Abhi – A Powerful Union
Raheel Iqbal, Managing Partner of Codebase Technologies, expressed his enthusiasm for the partnership, stating, “This collaboration with Abhi allows us to offer an innovative solution that addresses the financial well-being of employees on a global scale.” He further emphasized that by combining Digibanc’s robust platform with Abhi’s EWA technology, they are taking a significant step towards driving financial inclusion and empowering businesses to support their employees in meaningful ways.
Ali Ladhubhai, Co-Founder & COO of Abhi, highlighted the transformative potential of this partnership, stating,
“Partnering with Codebase Technologies represents a significant opportunity for Abhi to accelerate our mission of democratizing access to financial services.”
He emphasized that by leveraging Digibanc’s platform, Abhi can extend its EWA solutions to a global audience, providing individuals with instant access to their earnings when they need them most.
The Future of Employee Financial Well-being
This partnership marks a significant milestone in the evolution of employee benefits. By integrating innovative fintech solutions like EWA, businesses can create a more supportive and inclusive work environment, enhancing employee satisfaction and driving overall success.
