Pakistani fintech Abhi expands UAE footprint with NymCard partnership
Abhi, a Pakistani embedded finance platform and fintech company, and NymCard, a UAE-based payments infrastructure provider, on Tuesday announced a strategic partnership to enable financial institutions to deliver more efficient credit solutions to small and medium-sized enterprises (SMEs) in the UAE. According to a statement, the partnership brings together Abhi’s business financial solutions…
Pakistani fintech Abhi and UAE-based payments infrastructure provider NymCard have announced a strategic partnership aimed at enhancing financial solutions for small and medium-sized enterprises (SMEs) in the UAE. The collaboration brings together Abhi's business financial solutions with NymCard's card and payments infrastructure to support various stages of the SME credit journey, including digital onboarding, origination, decisioning, and disbursement.
This partnership aims to streamline traditionally fragmented processes, enabling faster credit onboarding, origination, and decisioning, followed by the disbursement of funds. Shiraz Ali, Chief Business Officer at NymCard, highlighted the significant opportunity for technology to transform SME credit delivery in the UAE and the potential benefits for financial institutions and SMEs alike.
Abhi, an embedded finance platform, offers solutions such as Earned Wage Access and SME Financing, which includes AbhiSalary, AbhiPayroll, AbhiKarobar, and AbhiPay, and serves over 1 million users across multiple countries. NymCard, a full-stack payments infrastructure company, is a principal member of Visa and Mastercard and operates across 10 markets, partnering with over 60 clients.
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