Towards a better financial future
Empower employees to get paid as soon as they’ve worked. See greater employee retention and productivity.
When you’re paid matters
Employees regularly face cashflow issues between paychecks. The need to raise cash before payday leads to emotional and financial distress.
Borrowing from others is a common problem
88% of Malaysians* borrow from informal lenders when they need extra cash.
Difficulty preserving savings and retirement funds
90% of Malaysians* have needed access to emergency funds
No alternatives to high interest loans
An estimated 61% of Malaysians** cannot get a loan from their bank, forcing them to use expensive alternatives
*Survey by Pertama Digital Berhad among B40 & MSME operators in 2021
**Forbes article highlights estimations by consulting firm Oliver Wyman
Employee wellbeing is
good for business
Challenges in workforce management is costly in terms of time and resources spent as the economy rapidly changes. By giving financial freedom to employees, employers can attract, retain and sustain a productive and motivated workforce.
Reduce turnover rate
Increase workforce productivity
Reduce employee absenteeism
Let employees choose
when they get paid
If they’ve even worked one day, we let employees instantly access their earnings anytime. No need to wait for payday.
Work
Work as usual
Your worked hours will be accumulated on the app.Work
Work as usual
Your worked hours will be accumulated on the app.
Track
Check your earnings
These have been converted from the hours you’ve worked.
Withdraw
Withdraw earnings anytime
You can withdraw up to 50% of what you’ve earned. This will be sent directly to your savings account.
Settle
Receive your remaining salary
On payday, we’ll send you an invoice of your salary and amount withdrawn for your confirmation.
Get started with Paywatch today.
We’ll reach out to you
Media
EWA startup Paywatch Raises USD 9 million in Funding to Supercharge Growth Across SEA
Earned Wage Access (EWA) service provider Paywatch has raised USD 9 million in a Pre-Series A funding round led by returning investor Third Prime, with participation from Hana Ventures (the venture arm of Hana Financial Group in Korea), Parkwood Corp. and notably, the endowments of Vanderbilt University and University of Illinois Foundation.
Paywatch becomes the first EWA solution to receive approval in key markets
Paywatch receives electronic financial business license in South Korea, while its EWA solution in partnership with Hong Leong Bank will be rolled out in Malaysia soon
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What we learnt from serving the unbanked in Southeast Asia
Southeast Asia, with its 680 million population is often considered the next big region for fintech innovation for its explosive growth and favourable demographics. Yet, more than half of the region’s population remains unbanked with no access to financial products.
Ibrahim Sani’s Notepad: Safeguarding Low-income Employees from Predatory Money Lenders
Join Richard Kim, CEO and co-founder of earned-wage-access (EWA) provider Paywatch to discuss how Malaysian employers can safeguard their low-income employees from predatory money lenders with host, Ibrahim Sani.
@paywatch_malaysia
"I’ve been able to save more"
Since I started using Paywatch and stopped paying high interest rates to moneylenders for cash, I have been able to save more!
Gig worker
"I can pay my bills without taking on debt"
Due to my credit score, banks wouldn’t approve my personal loan applications. Now with Paywatch, I can pay my bills without taking on debt.
Customer service agent
"Gives me a sense of accomplishment"
I can see how much I’ve earned while working, which gives me a sense of accomplishment.
Barista
"I’ve been able to save more"
Since I started using Paywatch and stopped paying high interest rates to moneylenders for cash, I have been able to save more!
Gig worker
"I can pay my bills without taking on debt"
Due to my credit score, banks wouldn’t approve my personal loan applications. Now with Paywatch, I can pay my bills without taking on debt.
Customer service agent
"Gives me a sense of accomplishment"
I can see how much I’ve earned while working, which gives me a sense of accomplishment.
Barista
"I’ve been able to save more"
Since I started using Paywatch and stopped paying high interest rates to moneylenders for cash, I have been able to save more!
Gig worker