Paywatch inks MOU with Visa to offer EWA solution across Asia

Paywatch will make use of Visa’s cross-border capabilities and network.

Paywatch has announced a memorandum of understanding with Visa to extend the reach of its earned wage access (EWA) solution across Asia.

Paywatch currently operates in Malaysia, South Korea and Hong Kong.

The MOU also seeks to promote financial inclusion, with Paywatch leveraging Visa’s cross-border capabilities, network, and financial literacy and digital education content.

EWA grants employees more control over when they can access their wages whilst guarding them against predatory lending practices, according to Paywatch.

"We're thrilled to work with Visa to reinforce our commitment to financial inclusion across Asia," said Richard Kim, CEO of Paywatch. "As we expand, this comes at a crucial time as we seek to explore innovative financial solutions that empower our users.