- Jaya Grocer partners with Paywatch to offer earned-wage access to its 3,100 employees.
- The collab aims to enhance employee financial well-being and reduce turnover by 40%.
- Paywatch operates in several Asian countries and competes with other EWA providers.
Malaysia-based Jaya Grocer has entered into a partnership with earned-wage access (EWA) provider Paywatch to offer its services to the supermarket chain’s 3,100 employees.
EWA allows employees to access a portion of their earned salary before their scheduled paydays, helping them manage unforeseen expenses and improve their financial well-being.
Jaya Grocer’s growth strategies post-acquisition
Since Grab’s acquisition of Jaya Grocer, the grocery startup has implemented various strategies to attract more consumers, including the launch of a membership program that enables customers to earn and redeem GrabRewards points at Jaya Grocer stores across Malaysia.
The partnership with Paywatch is another initiative aimed at enhancing the company’s productivity and employee satisfaction.
Paywatch’s impact on employee turnover
Paywatch, backed by Gobi Partners, operates in several Asian countries and claims that its solution can reduce employee turnover by up to 40%, thereby improving a company’s productivity.
Alex Kim, Paywatch’s co-founder and president, emphasized the firm’s commitment to helping employers create great workplaces by alleviating money-related stress and distractions for employees.
Paywatch competes with other EWA providers in the region, such as GajiGesa and Wagely, which recently secured US$23 million in funding after hitting 1 million salary disbursements since its launch in 2020.
To read the original article: https://www.techinasia.com/jaya-grocer-teams-earned-wage-access-firm-boost-productivity
