How Your Employer Could Help You Beat Janu’s Blues

Ray White speaks with former Springbok Bryan Habana, co-founder of the Earned Wages Access Paymenow platform.

The fun of a Dezemba break often ends in Janu’s blues tears.

A lot of people get paid at the beginning of December and come in the first month of the new year, they have big problems after spending their money and having to take out loans.

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The Money Show interviews former Springbok Bryan Habana, Co-Founder and Head of Business Development at Paymenow Group.

The Earned Wages Access (EWA) platform allows employees to access wages already earned.

It has been an interesting three and a half years since my retirement … I dabbled in the entrepreneurial space … Paymenow started in January 2020, trying to disrupt a very vicious micro-payday loan environment. ..

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

… but also give employees their dignity and give them access to a percentage of money for which they have indeed worked very hard.

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

Habana explains how employers can help their staff deal with January’s declines using a platform like Paymenow.

Yes, there was a first payday in December and money spent on festivities, travel … but now their employees have other financial worries … and that end-of-month paycheck January seems so far away ….

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

Paymenow allows them, as employers, to control the ability to give their employees access to a percentage of their already hard-earned wages and hopefully avoid going to micro-lenders, loan sharks. ..

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

With 25% access … if you earn R30,000 a month, arrive on the tenth day of the month you actually worked for R10,000 … then you could have access to R2,500 … almost ten times cheaper than what you would get from a financial institution or a micro-lender …

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

While the concept of access to earned wages is still relatively new in South Africa, more and more employers are starting to see the benefits, according to Habana.

It helps employees worry less about their financial situation, gives them back their dignity and relieves the burden of many manual processes in place within organizations – Paymenow fully automates this.

Bryan Habana, Co-Founder and Head of Business Development – Paymenow Group

Listen to the conversation in the audio clip below:


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