South African earned wage access company, Paymenow, is taking financial inclusion to the next level by removing the data cost barrier for its users when accessing the app and web platform, using a feature known as ‘reverse billing’.
Earned wage access company, Paymenow has broadened its value-added service offering to further ease the impact of consumer price inflation on cash-strapped South African workers. Along with providing access to earned wages before payday to allow employees to handle financial emergencies and avoid taking on unnecessary debt, Paymenow now offers direct access to affordable private healthcare and home necessities.
South Africa has a large informal moneylending industry that is unregulated and this stems largely from many people being previously excluded from quality financial services
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