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10 Things you should know about Paymenow
Paymenow is a brand founded by Bryan Habana and Deon Nobrega. Here are 10 Things you should know about Paymenow.
- Paymenow is a financial wellness and inclusion platform that allows employees early access to already earned wages.
- Paymenow is real-time access to your hard-earned wages, whenever you need it.
- The aim is to empower users on how to migrate from indebtedness to becoming investors.
- It promotes responsible financial behavior and encourages saving.
- Their vision is to ease the burden inflicted by payday and micro lenders through affordable, real-time, access to cash.
- They also then educate and assist reaching financial goals.
- Their basis is understanding that expenses do not always wait until pay day.
- Paymenow gives employees real-time access to already earned wages with an app that is integrated with the employer’s payroll system.
- Employees are able to cash out a percentage of their earnings and this amount is deducted at the end of the period from their salary.
- They claim that Paymenow is not a loan.
