Ryalize, an innovative FinTech company which has partnered with banks across the region, and Menaitech, a leading human resource management system (HRMS) provider in the Middle East and Africa, are excited to announce the signing of a Memorandum of Understanding (MoU). Both organizations will work together to facilitate broader adoption and integration of Ryalize’s Earned Wage Access (EWA) solution into Menaitech’s comprehensive HRMS platform.
The integration will revolutionize the way employees manage their finances across the MENA region. This will enable over 2 million employees spanning diverse industries to instantly access their earned wages without undergoing any approval process. This empowers them to effectively manage financial emergencies with ease and confidence. The integration is set to not only bring about a positive impact for employees, but corporates as well, 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, Founder and CEO of Menaitech, also expressed his delight at the new collaboration, “Integrating Ryalize’s EWA solution into our HRMS platform adds significant value for our clients. We believe that a financially secure workforce is a productive workforce, and this partnership further strengthens our commitment to offering comprehensive solutions that cater to the holistic wellbeing of employees.”
Ryalize and Menaitech are committed to creating lasting positive change in the lives of employees and the communities they serve. This partnership is a testament to the shared vision of both organizations to empower individuals and drive financial inclusivity.