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Introducing earned wage access to over 2 million employees across MENA
Ryalize, an innovative FinTech company with partnerships with banks throughout the region, and Menaitech, a leading provider of human resource management systems (HRMS) in the Middle East and Africa, are pleased to announce the signing of a Memorandum of Understanding (MoU). Both organizations will collaborate to facilitate the wider adoption and integration of Ryalize's Earned Wage Access (EWA) solution into Menaitech's comprehensive HRMS platform.
This integration is set to revolutionize how employees manage their finances in the MENA region. It will enable over 2 million employees across various industries to instantly access their earned wages without the need for approval processes. This empowers them to effectively handle financial emergencies with ease and confidence. The integration is poised to have a positive impact not only on employees but also on corporations, enhancing recruitment, retention, and overall productivity.
"We are pleased to extend the benefits of our powerful EWA solution across the region with Menaitech’s extensive reach and client base. This partnership will impact the lives of over 2 million employees. Together with Menaitech, we aspire to provide innovative technology solutions to bring better opportunities and growth to the region," stated Khalid Alshakrani, Managing Director of Ryalize.
Dr. Bashar Hawamdeh, the Founder and CEO of Menaitech, also expressed his enthusiasm about the new collaboration, stating, "Incorporating Ryalize's EWA solution into our HRMS platform brings substantial value to our clients. We firmly believe that a financially stable workforce is a more productive workforce, and this partnership further reinforces our dedication to providing comprehensive solutions that address the overall well-being of employees."
Ryalize and Menaitech are committed to fostering lasting positive changes in the lives of employees and the communities they serve. This partnership exemplifies the shared vision of both organizations to empower individuals and promote financial inclusivity.
