Leading regional financial wellness platform EZ Wage, headquartered in Singapore, has partnered with Bank Alfalah. As its Digital Payments Partner to provide Earned Wage Access (EWA) in Pakistan through safe money transfers. According to the arrangement, EZ Wage will use Bank Alfalah’s infrastructure to route payments in real-time to its subscribers.
Employees may take a portion of their earned compensation before their regular payday thanks to the cutting-edge mobile software from EZ Wage. This earned pay access option offers people to aid in the event of financial difficulties, such as an unforeseen cost brought on by a family member’s medical emergency.
Additional 135,000 salaried workers are already employed by firms that have joined the financial wellness platform. Furthermore, it is quickly adding more businesses that are eager to offer their workforces this ground-breaking employee perk. Additionally, EZ Wage will roll out new services designed to enhance workers’ financial freedom and knowledge.
Fatima Batool, the founder and CEO of EZ Wage, wants to revolutionize financial wellbeing for the common people in South and Southeast Asia’s developing economies. She particularly supports women since she believes that they are the group that is least financially independent.
Mr. Yahya Khan, Group Head, Digital Banking Group at Bank Alfalah, remarked that “Bank Alfalah is empowering workers. And working towards the financial well-being of the public in Pakistan through its varied and ever-evolving service offering. Moreover, this FinTech alliance is a step closer to our goal of providing seamless services. Which will transform everyday usage finance and digitize the payments eco-system.
“We are happy to join with Bank Alfalah to increase financial inclusion. And independence by giving employees across Pakistan the option of accessing earned money,” said Fatima Batool. A committed and motivated staff is the heart of every economy’s expansion. And EZ Wage and Bank Alfalah hope that their relationship will promote financial wellbeing.
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