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The Pros And Cons of Earned Wage Access
Earned Wage Access (EWA) allows employees to access a portion of their wages before payday, addressing immediate financial needs. Paywatch Malaysia Sdn Bhd is an EWA platform promoting financial inclusion. Economists caution the timing and practicality of EWA, emphasizing financial literacy and worker protection. Paywatch partners with financial institutions and Visa to provide financial literacy content and access to banking systems. EWA traction increased due to pandemic-induced financial burdens. Paywatch aims to empower employees and improve financial well-being.
Paywatch
April 26, 2024
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