LAHORE – The strategic alliance with 1LINK will enableEZ Wage to entry all member banks on 1LINK’s portal and can facilitate 24/7 disbursement in real-time when workers choose to withdraw a portion of their earned wages utilizing the state-of-the-art EZ Wage cell utility.
Singapore-based EZ Wage is likely one of the first monetary wellness platforms in Pakistan that gives Earned Wage Entry (EWA), permitting customers the advantage of retrieving a portion of their hard-earned cash earlier than payday. This revolutionary worker profit not solely boosts the morale and efficiency of workers but in addition advantages employers by decreasing the workload of their HR/Finance departments and doesn’t tie up their very own working capital.
Evidently, the backdrop of inflation and world recession coupled with rigorous downsizing in the course of the pandemic has spurred individuals into contemplating sources of borrowing cash, similar to family and friends in addition to mortgage sharks which can not essentially work of their favour in the long term. This renders the way forward for digitized funds and EWA fairly promising within the area.
Current on the event had been Mr Najeeb Agrawalla, CEO 1LINK, Fatima Batool, Founding father of CEO EZ Wage and Mr Hisham Naseem, World CFO EZ Wage, together with their respective groups. Each events expressed mutual curiosity in shifting funds to digital channels in order that the top beneficiaries can turn into extra self-reliant and safe in relation to their cash.
Mr Hisham Naseem, World CFO of EZ Wage commented, “This partnership with 1LINK will enable EZ Wage to fulfil its mission of revolutionizing financial wellness for the masses and will advance women empowerment and financial inclusion in the country.”
Ms Fatima Batool, CEO of EZ Wage, added, “We are honoured to onboard 1LINK as our official Payment Solution Provider in Pakistan. This is another leap towards financial inclusivity and wellness for the masses. We hope that the enablement of real-time withdrawals makes monetary emergencies less daunting for the employees we are catering to. Not only is 1LINK the most secure channel to route funds, but it is also the most reliable.”
The signing of this partnership settlement highlights the transfer in direction of monetary inclusion within the area in addition to the digitization of funds. Owing to EZ Wage’s give attention to ladies and different marginalized segments of society, this alliance is predicted to assist the underbanked in rising markets.