Bringing Financial Peace of Mind to Everyone, Everywhere
Giving your people back their dignity
Paymenow is a financial wellness and inclusion platform that allows employees early access to already earned wages – Earned Wage Access (EWA)
Paymenow is revolutionizing access to liquidity without compromising financial health
What is Earned Wage Access?
Earned wage access enables employees to access their wages without the threat of a costly loan and with the added benefit of building savings and getting out of the risky financial cycle altogether.
Available for your Smart Phone.
All the power of Paymenow in your pocket.
Cash-out, educate and manage your finances with ease.
EMPLOYER PORTAL
Manage employee data on
Paymenow
Dashboard
Manage Employees
Data Transfer
File Upload
Dashboard
Manage Employees
Data Transfer
File Upload
Employer portal
Paymenow is FREE to employers
The Paymenow employer portal is a web-based app that allows the employer the ability to manage employee data on Paymenow.
The portal provides a dashboard with key performance metrics (KPIs) and trends around Paymenow utilisation.
Permissioned users are able to manage bulk employee data via file upload, or manually manage individual employee data via direct input on the app.
Users are able to download reconciliation files from the app which facilitates the salary deduction process, to ensure employees are paid the correct amount come payday.
Users are able to log support requests and engage with the support team.
Employee application
Paymenow is an app accessible on any device!
- Realtime
- 24/7 Access
- Affordable
TIERING PLAN
Socially and financially responsible
Paymenow takes employees’ best interests to heart by encouraging in-app financial education through gamification. By taking employees on a financial wellness and inclusion journey through financial education, employees earn Paymenow points and advance through tiers to achieve greater access to already earned wages at discounted fees.
Tiering through financial education
Employees earn points by successfully completing education modules, financial questionnaires and credit checks
Forget What You Know
A FEW GOOD REASONS TO CHOOSE PAYMENOW
South Africa has 25 million active credit customers, and more than 10 million of them are behind on their payments. As such, the population of people looking for access to liquidity is enormous. For the time being, Paymenow is partnering with big and small businesses in the mining, logistics, financial services, call-centers and other sectors that typically employ underserved individuals, to be able to reach low-income, salaried people. The total market size includes 11 million employed people in South Africa.
Leading EWA Solution
Paymenow was first to launch in SA and are leaders in EWA solutions
Exemplary Credentials
We are the only EWA organisation in SA to be associated with and sponsored by an international NGO, the Catalyst Fund, mandated to financial inclusion
It Costs You Nothing
It’s FREE to employers
Highest Levels of Security
Our tech platform has undergone information security and cyber risk assessment from F-Secure which guarantees bank-grade security
True Behaviour Change
We are the first to offer a tiered approach to financial education. The more educational modules the employee completes, the more earnings they will be able to access.
Alleviates Indebtedness
We help aim to alleviate indebtedness (10x times cheaper than a payday loan and 3x cheaper than a credit card)
We Support You
24/7 Online Support
At no extra charge
Employee training supplied
Stretching Money Further
Your people are able to send
groceries, airtime and electricity to their families anywhere in the country – instantly!
60 Decibels report
An independent survey, conducted by 60 Decibels has revealed that 81% of users reported quality of life improvements thanks to Paymenow. The report was compiled based on interviews from a sample set of more than 3000 employees who use our responsible earned wage access (EWA) platform.
Do not have a viable alternative to Paymenow
97%
More in control of their finances
82%
Quality of life improvements
81%
Decrease in stress levels
67%
Driving financial resilience for leading brands
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