How does PayMeNow (early access to salary/wages) work, and can it give more financial freedom?

702’s Relebogile Mabotja speaks with Denise Neethling, Head of Marketing and Communications at PayMeNow.

Listen below:

For some South Africans, waiting until the end of the month for a single payment is not the easiest way to manage financial pressure.

The financial wellness platform PayMeNow tries to alleviate this stress by offering an alternative.

With this service, employees can access a portion of their salaries before payday, rather than taking out a loan.

Neethling says this should give workers more financial freedom by giving them control over their funds during the month.

“It is built to empower people, liberate them, and uplift them.”

- Denise Neethling, Head of Marketing and Communications - PayMeNow 

If they have worked 10 days so far, they will have access to that equivalent amount of their salary.

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This balance will then be deducted from your next paycheque, and a small service fee will be applied.

To get access to PayMeNow, your employer must partner with the service.

Scroll up to the audio player for more.