KARACHI: ABHI Microfinance Bank Limited has entered into an agreement with the Pakistan Electronic Media Regulatory Authority (PEMRA) to provide Earned Wage Access (EWA) services to its employees, enabling them to access a portion of their earned salaries before the end of the monthly pay cycle.
The collaboration establishes a framework through which PEMRA employees can avail short-term salary advances through ABHI’s digital platform. The initiative is aimed at improving financial flexibility and supporting employees in managing their day-to-day financial needs without relying on informal or high-cost borrowing options.
Under the agreement, employees will be able to access a predefined percentage of their earned wages through a streamlined digital process, with funds disbursed directly into their accounts. The service is designed to integrate with PEMRA’s payroll systems, ensuring a seamless and transparent experience for both employees and the organization.
The partnership also outlines operational responsibilities, including employee onboarding, payroll data integration, and service delivery mechanisms. Both organizations have committed to maintaining high standards of data security, regulatory compliance, and responsible usage to safeguard employee interests.
The agreement was signed by M. Umer Rauf, Head of Digital Financial Services at ABHI Microfinance Bank, and Shamim Gul Durrani, Executive Director General (Finance) at PEMRA, along with representatives from both organizations.
Through this initiative, ABHI Microfinance Bank and PEMRA aim to promote financial well-being by providing employees with timely access to their earned income, supporting greater financial stability and reducing dependence on short-term credit alternatives.
