Blogs & Articles
All the press releases, blogs and articles as written by our team of experts
Latest Press Releases
Making saving easier for South Africans this National Savings Month
July is National Savings Month in South Africa, an occasion that prompts us to consider how we save, the benefits of saving, and tools that could help us save more effectively.
Paymenow’s EWA offering is completely free to employers, and despite this it offers several compelling benefits to employers, HR and payroll professionals as well as employees.
Paymenow raises R250 million debt facility through RMB to expand access to earned wages
Market-leading Earned Wage Access (EWA) platform Paymenow has raised a R250 million (USD14 million) debt facility through Rand Merchant Bank (RMB) in a first-of-its-kind structure for the EWA market in South Africa.
Previous Press Releases
Paymenow partners with Franc to create more inclusive savings opportunities for South Africans
Earned Wage Access (EWA) platform Paymenow has partnered with Franc, a globally recognised investment platform, to make saving and investing easy for everyday South Africans. Paymenow’s salary linked savings feature allows users to save money directly from their available earned wage balance into a Franc powered interest-bearing Money Market fund. This great new benefit is available to all Paymenow users.
Izwe in partnership with Paymenow launches earned-wage-access platform in Zambia
Paymenow, Africa’s market-leading Earned Wage Access (EWA) platform, has partnered with well-established financial services provider Izwe to launch the platform in Zambia.
Paymenow puts money back in users’ pockets with Cell C Rewards partnership
Earned wage access (EWA) fintech, Paymenow has partnered with Cell C to offer exclusive airtime and mobile data rewards to users – allowing them to free up cash that would have been spent on buying additional data or airtime.
Seven tips to maintain a healthy relationship with your finances as the cost of living rises
Economists predict that 2023 will be a difficult year for consumers, as the cost of living is expected to rise and further interest rate hikes are expected. We’re living in a high-inflation, low-growth environment, and that can turn up the pressure on our relationships with our finances. Read more..
Keeping on top of finances can alleviate festive-season stress
Don’t let financial stress and pressures ruin your employees’ festive season. Help them stay on top of their finances and out of debt with a financial lifeline. Read more about the benefits Paymenow holds for your business and workforce and how financial education and earned wage access can alleviate festive-season stress. Read more..
Employers are harnessing Earned Wage Access to recruit and retain talent –J.P. Morgan report
Earned wage access (EWA) is rising in prominence as a powerful HR tool for employers to retain and attract talent. This statement is supported by a new report issued by J.P Morgan titled Financial Inclusion Through Payments. South African earned wage access fintech, Paymenow, was a contributing author to the report. Read more..
Impact report shows South African workers report an overall improvement in quality of life since using Paymenow
Independent research conducted by impact measurement company, 60 Decibels has brought to light the large positive impact that earned wage access (EWA) fintech, Paymenow, has on the lives of many South African employees. Almost all customers reported an overall improvement in the quality of their lives and nearly two-thirds reported significant improvements. Read more..
Mental health problems, such as depression, anxiety, job stress and substance abuse are occurring more frequently throughout society, affecting individuals, their families, and co-workers. Falling deeper into spiralling debt and losing control of one’s financial standing takes a huge toll on employees’ mental health, and these issues are often carried through into the workplace, having a direct impact on increased absenteeism, reduced productivity, and increased overhead costs.
Help your business thrive by offering your employees a lifeline to take back control of their finances with access to on-demand pay.