Press Releases & Blogs
All the press releases, blogs and articles as written by our team of experts
Latest Blogs & Press Releases
- 22 April 2024
Earned Wage Access Sees Striking Growth in South Africa
Leading earned-wage access (EWA) platform, Paymenow has shown exponential growth over the past four years, driven by increased uptake of the service by corporates for their employees.
- 4 April 2024
The Business Benefits of Earned Wage Access: A Game-Changer for South African Companies
There’s a clear link between productivity and employee wellness. This month we dive into research from organisations such as KMPG, Earnst & Young and Gallup, exploring how Earned Wage Access reduces turnover, increases productivity and streamlines payroll. Read our latest article here on the business benefits of earned wage access.
- 3 April 2024
Three reasons to switch to digital payslips and embrace the digital shift
Are you still relying on paper payslips and manual distribution? It’s time for a shift. Discover the compelling reasons to embrace digital now.
Already upgraded to digital payslips? Fantastic! Enhance the efficiency of your process and save time with these tips:
- 13 March 2024
Don’t let choosing a funeral policy be the death of you. This guide will help you navigate choosing a funeral policy with confidence.
Death is an important part of life for many South Africans. Funerals are a significant event in many of our traditional cultures, and combined with the fact that crime rates are sky-high and diseases such as HIV/AIDS and tuberculosis are widespread, death is very much a spectre behind the shoulder. This means it’s also big business in South Africa. And while funeral insurance is a common practice, the industry is marked by a great number of vendors that prey on low-income earners.Â
- 8 March 2024
Paymenow celebrates Human Rights Day with a focus on financial empowerment
As South Africa prepares to commemorate Human Rights Day on 21 March, Paymenow, the nation’s foremost provider of Earned Wage Access (EWA) solutions for workers and businesses, underscores the vital link between financial empowerment and human rights.
- 4 March 2024
The danger of store credit for your wallet
As of 2021, store accounts are the top source of credit purchasing in South Africa. Many retailers in South Africa, from clothing to building material shops, offer store credit cards.
- 29 February 2024
A difficult budget offers little direct relief
In his 2024 Budget Speech, Minister Godongwana had to walk a balancing act, trying to help stressed consumers in a difficult economic environment. Here’s a breakdown of what it means for you.
- 20 February 2024
Thoughtful budgeting in the month of love
February is in full swing – and the month of love offers us a chance to treat our loved ones. Many of us plan to spoil our someone special with something special this month. But don’t let those loving impulses put your budget at risk. Read more..
- 19 February 2024
Paymenow leads EWA sector with 94% improvements in the quality of life of customers
For the past three years we have engaged 60_decibels to conduct independent research into the impact of EWA on the lives of our customers and each year we see the positive impact that Paymenow has on people’s quality of life (94%), financial stress (67%) and improved financial independence (70%). Read more..
- 2 February 2024
For the Love of Money: A Guide to Financial Harmony in the Month of Love
February is here, and many of us plan to spoil our someone special with something special. And while we devote more attention to making our loved ones smile this month, don’t let other things go neglected – especially the monthly budget.
Here’s 5 ways you can love your partner and your money this February:
- 24 January 2024
Paymenow, Africa’s market-leading Earned Wage Access (EWA) platform, is pleased to note that it received the 2023 Global Brands Award for Fastest Growing Employee Benefits Platform.
- 9 January 2024
Payday reimagined: the future of earned-wage access in 2024
Flexibility and convenience have become non-negotiable expectations for modern consumers. Modern wage models are increasingly embracing the same ideals. Paymenow, South Africa’s leading Earned Wage Access (EWA) platform, is at the forefront of this transformative shift, empowering employees to take control of their financial futures. As we step into 2024, Read more..
- 4 December 2023
Keep your festive season debt-free with Paymenow’s financial empowerment tips
As we approach the festive season, Paymenow, the market-leading earned wage access (EWA) platform in Africa, urges individuals to take control of their finances and ensure a stress-free celebration.
- 10 July 2023
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.
- 24 April 2023
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.
- 3 April 2023
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
- 6 March 2023
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.
- 28 February 2023
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.
- 27 February 2023
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.
- 24 January 2023
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..
- 9 December 2022
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..
- 31 October 2022
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..
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- 7 December 2022
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..
Featured Blog
- 10 October 2022
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.
Blog Archive
South Africa’s employed youth are losing their financial footing
More than 40% of mothers in SA are single parents. How can EWA help a much needed section of the market?
Love your job, love your life – improving your employees quality of life with real-time access to wages and necessity items
The Great Resignation and how it is reshaping employee relations
How EWA gives employees the financial freedom to get through Januworry
