Paymenow Newsletter Q1 2023

Quarterly Newsletter

Stay connected. Stay informed. Stay ahead of the rest with Paymenow.

HEADLINES & HIGHLIGHTS

What is in the spotlight in this edition? Take a peek for exclusive insights on the latest news at Paymenow:

We’re thrilled to welcome you to the first edition of the Paymenow newsletter (cue applause)!

We love sharing updates, news, accomplishments, and much more to ensure that you stay up to date and ahead of the pack. This month, we celebrated Worker’s Day, a day that highlights employee well-being and empowerment, and we couldn’t think of a better, more fitting time to share our very first newsletter with you! So, sit back, scroll down and take a look at what’s happening in Paymenow-land!

What’s new at Paymenow?

Increase your wealth and save for the future. This great new feature is available exclusively to Paymenow users. Our great SAVINGS feature allows Paymenow to save from their available wages straight from their app profile! It’s quick, easy, safe and comes at ZERO cost!

Paymenow’s Wellness Support Line, is just a call, or click away! We have a specialised wellness and support partner with qualified counsellors and advisors ready to make life better for our users. This employee wellness programme is available exclusively to Paymenow users and offers a dedicated, caring and confidential helpline you can call when you need help in dealing with difficult personal or work-related issues that affects your financial well-being and behaviour. They also offer financial guidance and tips.

Get FREE data, WhatsApp data and on-net minutes with Paymenow and Cell C! Paymenow joined forces with Cell C to give our customers the ultimate perk: FREE rewards just for recharging! All Pre-Paid Cell C customers will get additional anytime data, WhatsApp data and on-net minutes for FREE, every time they recharge! You can also add up to 4 extra Cell C pre-paid numbers on your Paymenow Profile to receive the same perks and free rewards.

Ready, ZED, go!
Paymenow is LIVE in Zambia! Yes, South Africa’s market-leading Earned Wage Access platform is going global and further increasing our African footprint. We’ve partnered with Izwe, a well-established financial services provider to launch the platform in Zambia.

Get in touch with us for your free demo today!

Paymenow continues to break borders, pioneer and grow. We are very proud to announce that we’ve raised a R250 million (USD14 million) debt facility through Rand Merchant Bank (RMB). This is a first-of-its-kind structure for the EWA market in South Africa.

Deon Nobrega, CEO of Paymenow Group, said, “There is tremendous demand for Paymenow’s services in South Africa, which has 25 million active credit customers, of whom more than 10 million are behind on their payments. As such, the population of people looking for access to liquidity is enormous, and our ability to provide this liquidity without compromising financial health is having a remarkable positive impact. Access to funding, such as through the agreement with RMB, is a gratifying acknowledgement of the strength of our model, and a key enabler of our future growth.”

Watch this space!

What are we planning? What is coming in the next few months?

Well, financially speaking yes! Paymenow will be adding a new Financial Health Check feature to the platform. This will further safeguard users’ financial wellbeing through earned wage access. This great new feature will assess users’ financial health status to monitor and assist them to not only spend wisely, but also identify what they can do to become financially stronger, more secure, and in essence healthier. We will assist users in managing their spending, budget, and savings, helping them achieve a clean bill of health, financially speaking. This new feature will act as an accessibility safety net, making sure our users stay in control of their financial well-being so that they can go from financial worriers to financial WARRIORS!

For more information on this market-leading new feature, reach out to our team via email, and we’ll happily assist.

“By changing nothing, nothing changes …” We’re very excited to let you know that we are currently rebuilding the whole look and feel of Paymenow. Considering the data we’ve collected over the last 3 years, we want to ensure an even smoother user-experience while focusing on continued financial wellness of our users. Watch. This. Space!