From SA to Pakistan: Paymenow’s Earned Wage Access Platform Drives Inclusive Financial Wellness
- Paymenow launched its earned wage access platform in 2020 and now serves over 500,000 employees across 300+ corporations.
- The platform allows employees to access up to 25% of their net pay before payday, with 50-60% of users utilizing the service.
- 50% of transactions incur zero fees, making it affordable for both employees and employers.
Paymenow's innovative approach to earned wage access is a significant step towards addressing financial exclusion in South Africa and beyond. By providing employees with early access to their wages, the company not only enhances financial stability but also promotes responsible financial behavior. The integration of educational modules and zero-fee transactions further solidifies its commitment to empowering underserved communities.
