Singapore-based EZ Wage, a number one regional monetary wellness platform, has signed an settlement with Financial institution Alfalah as its Digital Funds Accomplice to facilitate Earned Wage Entry (EWA) in Pakistan with safe fee transfers. Below the settlement, EZ Wage will route funds in real-time to its customers by Financial institution Alfalah’s platform.
EZ Wage’s state-of-the-art cell app permits workers to withdraw a portion of their earned wage earlier than their scheduled payday. This earned wage entry facility permits them aid in case of financial emergencies, comparable to an sudden expense on account of a medical emergency within the household.
The monetary wellness platform has already signed up firms using greater than 135,000 salaried people throughout Pakistan and is quickly including extra firms which are fascinated about offering this revolutionary worker profit to their worker base. EZ Wage may even be introducing further choices particularly geared in the direction of bettering worker monetary literacy and independence.
The Founder and CEO of EZ Wage, Fatima Batool, hopes to deliver a couple of revolution in monetary wellness for the lots within the rising markets of South/Southeast Asia. She is concentrated on the ladies section particularly, which in her opinion is probably the most marginalized section when it comes to monetary independence.
Mr. Yahya Khan, Group Head, Digital Banking Group at Financial institution Alfalahstated “Financial institution Alfalah by its various and ever-evolving providers portfolio is empowering workers and dealing in the direction of the monetary wellness of the lots in Pakistan. This FinTech partnership is one other step in the direction of our goal to supply seamless providers to be able to digitize the funds eco-system and revolutionize day by day use finance.”
Fatima Batool talked about, “We’re proud to associate with Financial institution Alfalah to spice up monetary inclusion and independence by making entry to earned wages an choice for workers throughout Pakistan. A devoted and motivated workforce is the engine of development in any financial system and each EZ Wage and Financial institution Alfalah intention to additional monetary wellness with this partnership.
Hisham Naseem, International CFO of EZ Wage, added “EZ Wage is wanting ahead to working carefully with Financial institution Alfalah within the coming months, to make this collaboration successful for all stakeholders.”