Tuesday, July 4, 2023
Paywatch inks MOU with Visa to offer EWA solution across Asia
KUALA LUMPUR, Malaysia, 04 July 2023 - Paywatch, a leading Earned Wage Access solution provider, today announced a memorandum of understanding with Visa to promote financial inclusion among Asia's workforce. Paywatch aims to bridge the gap between traditional banking services and the unbanked populations in Asia.
Paywatch's Earned Wage Access solution gives employees greater control over when to access their earned wages, while guarding them against predatory lending practices. Paywatch plans to extend its reach to more of Asia's workforce and promote financial inclusion by leveraging Visa's cross border capabilities, network and financial literacy and digital education content.
"We're thrilled to work with Visa to reinforce our commitment to financial inclusion across Asia," said Richard Kim, CEO of Paywatch. "As we expand, this comes at a crucial time as we seek to explore innovative financial solutions that empower our users.
Paywatch is committed to creating a more financially inclusive future for Asia's workforce. Through innovative financial solutions, financial education, and strategic partnerships, Paywatch believes that financial inclusion is achievable and can benefit everyone.