The Business Advantage with Paymenow

Over the past year, employee financial distress has intensified, which means it’s the perfect opportunity to bring financial wellness and education into your workplace. Gain the business advantage with Paymenow, now.

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"The Paymenow app has been one of the best financial support platforms that we have implemented at GLS. The benefits are tangible, the service is professional and our GLS employees are happy. Nothing is more important to us than the well-being and happiness of our employees."
Dale GoodManaging Director GLS Supply Chain Equipment

Benefits for Employers

Taking care of your employees well-being improves your business’ bottom line – happy employees want your business to succeed and will take a keen interest in your business goals

Compliance

Paymenow enables salary advances to employees on behalf of employers. The Paymenow service falls outside of the NCA. The Paymenow service is BCEA & POPIA compliant.

Curb theft & fraud

Employees who are financially stressed are more prone to theft in the workplace

Improve productivity & engagement

50% of financially stressed employees spend three hours or more at work each week thinking about or dealing with personal financial issues

Improve cash-flow

Paymenow funds the advances to employees on behalf of the employer, ensuring no cashflow impact on employers

Retain top talent

Offering a benefit to improve employee financial health and security helps retain and attract high performing talent

Reduce absenteeism & health care costs

It’s estimated that more than 70% of doctor visits are due to stress-related health problems of which 55% of stress is money related

It’s the right thing to do for your people

FAQ'S

Life happens. Unexpected expenses will inevitably come up in between paydays.   A worker’s ability to access their earned wages while in a “cash crunch” like paying an unexpected medical bill helps mitigate stress and has proven to keep them more productive at work, instead of worrying about their finances. Paymenow helps ease the burden of workers’ unplanned cash flow issues.

Earned Wage Access is a fundamental key to Financial Wellness and represents a major shift in how employees are paid for the work they do. Instead of receiving their pay at pre-agreed, fixed intervals – normally the end of the month or the end of the week – employees accrue pay on a daily basis, in much the same way as they accrue paid leave entitlement. Then, at any time they wish, employees can withdraw a certain amount of the pay they have accrued, giving them unprecedented flexibility and control over their personal finances.

As an employer, there is zero cost involved. 

Paymenow was founded to provide an alternative to exorbitant payday loans that would not only alleviate the debt burden but encourage responsible financial habits and instill a savings mindset.

There is no need for any concern. Paymenow funds the advances to employees on behalf of the employer, ensuring no cashflow impact on the employer.

Unlike a loan, Paymenow is inclusive, responsible access to your already hard-earned wages. Employees can access wages earned but not yet paid. Neither gross reportable wages or net received wages change. There is no interest or fee to the employer.

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