ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the cable manufacturer in Pakistan.
This collaboration aims to provide AbhiSalary – Earned Wage Access “to the employees of Pakistan Cables Limited, thereby promoting financial wellness.”
Through AbhiSalary – Earned Wage Access, employees can “fulfill their financial commitments by accessing their hard-earned salary using the ABHI mobile app, SMS, and WhatsApp within 30 seconds, anytime, anywhere throughout Pakistan.”
It provides employees “with greater financial flexibility and assists them in managing their expenses without going to loan sharks, family, or friends. Additionally, this service is cost-free and easy to set up for employers.”
Mohammad Zaidi, Chief Commercial Officer at ABHI emphasized the significance of this partnership, stating:
“ABHI is thrilled to partner with Pakistan Cables Limited to provide AbhiSalary to its employees. Through this collaboration, we empower employees to access their earned salary, and take control of their financial well-being.”
The strategic partnership between ABHI and Pakistan Cables Limited “underscores a shared commitment to prioritizing the financial well-being of employees.”
ABHI looks forward to bringing about a positive impact on the Pakistan Cables workforce, aligning with Pakistan Cables’ unwavering dedication to empowering its employees and its continuous pursuit of innovative solutions that elevate the employee experience.
As covered, ABHI claims it is Pakistan’s “first” embedded finance platform, “benefiting 450+ companies and 250,000+ employees in Pakistan.”
ABHI provides a range of financial services “such as AbhiSalary, AbhiPayroll, AbhiKarobar and AbhiPay to solve cash flow constraints.”
As noted in the update, Pakistan Cables Limited says that it is “the nation’s foremost and highly reliable cable manufacturer owing to its rich heritage, expertise, and commitment to delivering world-class products and services to its customers.”
The company cultivates “an employee-centric culture, prioritizing a supportive work environment.”
Despite the escalating political tensions and economic uncertainty, Pakistan’s Fintech ecosystem continues to grow and evolve at an unprecedented pace. Even though the nation is faced with record levels of inflation, unemployment, and serious issues due to natural disasters, there’s a fast-emerging digital economy being supported by one of the world’s largest freelance / gig-economies.