In the modern economy, job security continues to be an issue for most employees. Looking at old-world concepts where payroll processing was done fortnightly or monthly, this system would often leave employees broke in between paydays and no liquidity to manage during emergency situations. This is the core problem that Paywatch, a financial start-up founded by two brothers are trying to solve. Since 2020, Paywatch has been offering Earned Wage Access (EWA) to employees, which means giving an opportunity to receive the earned money at the time when it is required most and thus promoting a more sustainable financial model.
Basically, the Paywatch solution started from being the unique EWA solution backed up by banks and approved by the regulators in Asia. This unique advantage enabled the company to expand at a very fast pace, building credibility in the marketplace. This sponsorship made their services safe and sound, therefore rapidly penetrating different types of companies from all the sectors. Today, Paywatch is offered throughout the Asia-Pacific region, helping companies of all sizes, both popular brands as well as start-ups, to change the way payroll is processed and how individuals receive their wages.
Those core ideas remain at the center of Paywatch’s outlook. The organization’s goal is to restore balance to today’s world of finance. Paywatch engages with banks to get favorable offers that will help employees take control of their finances in a flexible way. In doing so, it offers an alternative to loans or high-interest credit that many workers may have no other option but to seek out in times of need. The company’s mission is clear: to ensure that no employee gets left in the lurch because of his paycheck timetable through giving fair and equal financial support to everyone.
Furthermore, according to Paywatch, both employees as well as businesses can be advantaged by the company’s solution. When made available, flexible payroll structure increases employee satisfaction levels, increases organizational retention rates, and increases organizational commitment. Listing its experience as a reward for talent retention and connecting financial stability with occupational happiness, Paywatch functions as a mediator between the employer and personal finance of its employees.
Lastly, Paywatch is slowly changing the concept of payday, making it easier and more just for everyone. They have done it through the innovative Earned Wage Access platform, through which they are assisting employees to avoid destructive financial traps and contributing to a healthy workforce. While actively penetrating new markets in the Asia-Pacific region, the company keeps its initial goals and objectives, establishing itself as the pioneer of affordable banked microfinance products for workers and other enterprises. At Paywatch, the question isn’t just when employees are paid but what they are paid and how they are taken care of at a micro-temporal level.
