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.
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.
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.
Employees who are financially stressed are more prone to theft in the workplace.
Paymenow funds the advances to employees on behalf of the employer, ensuring no cashflow impact on employers.
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
“I no longer skip work due to a lack of transport money. I am always at work and on time.”
“Since I started using [Paymenow], I managed to pay all [of] my debts and get back to saving money.”
“I no longer feel sick and stressed due to [finances]. It has also improved my relationship with my family.”
“Employees used to borrow each other money and end up fighting at work over it but now there a lot of peace.”
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).