Our clients report better productivity. They have lower absenteeism. Staff are happier. The best part? It costs you nothing. Get the business advantage with Paymenow.
Worried about extra work? Don’t be! 98% of clients found Paymenow improved their payroll management.
Employees who are financially stressed are more prone to theft in the workplace.
50% of financially stressed employees spend three hours or more at work each week thinking about or dealing with personal financial issues.
Offering a benefit to improve employee financial health and security helps retain and attract high-performing talent.
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.
Paymenow removes the need for salary advances and in-house loans. Complete our payroll recon process in just 3 clicks.
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.
One platform connects with every employee’s phone, 24/7
“Paymenow is easy to work with and they have great communication channels with us. It’s a great app for the employees for when they need money mid-month.”
“The speed at which they process data and any query you may have is amazing, and [the app] is very accommodating for the employees.”
“The engagement with the Paymenow team was very easy and straight-forward, which made the implementation process even easier. It didn't come with any glitches that may affect our system. It is also very beneficial [for our staff].”
“The offering is brilliant because they not only offer money but vouchers to use in different stores. The service fee very low and it is amazing how they accommodate all provinces, even the rural areas, and the company doesn’t have to loan money to staff.”
An employee who worked for two weeks has technically earned two weeks’ worth of wages. But they are usually only paid at month-end. EWA allows employees to access a portion of their already earned but unpaid wages before payday.It's there to help with unexpected bills or emergencies that come up before payday.
Employees who need money will find a way to get it. While we can’t fix underlying economic issues, we do provide a short-term crutch, so employees do not turn to expensive payday loans or illegal lenders. Moreover, our free financial literacy training enables employees to upskill themselves and manage their money better. This is a more long-term solution to financial difficulty.
No. Paymenow allows employees to access money already owed to them, as they earn it. Any transactions plus fees are deducted from that month’s salary – no monthly repayments and no interest. Our fee structure is fully transparent, and all fees are clearly displayed multiple times before the transaction is processed.
You know your people best, so control of the platform is fully in your hands even after implementation. Employers set:
We only allow access of up to 25% of net salary (where the exact limit is set by the employer). Our data also shows users typically only access 15%-18% of their earned wages, which shows users do not spend just because they can.
The service comes at zero cost to employers. Paymenow also covers implementation costs should any arise. However, employers may opt to cover employee fees from their own account.
Implementations are handled by our experienced team of project managers, who will guide your team throughout the process. Implementation is quick and simple.
Paymenow is fully payroll and bank agnostic. We have
extensive experience implementing with payrolls such as
Sage 300 People, PaySpace, SAP, Psiber and more.
We can also link Paymenow to any employee bank account,
as provided to us by payroll.
Paymenow funds the advances to employees on behalf of the employer. There is no cashflow impact on the employer.
Our tech platform has undergone an information security and cyber risk assessment from F-Secure which guarantees bank grade security (report can be shared on request).