Financial stress is costing employers millions

It’s not just employees that are affected when money becomes a worry, Reducing stress and promoting employee wellbeing has become a priority for businesses. Now, more and more employers are embracing initiatives that promote financial wellbeing through an employee benefit scheme.

Put employee financial wellbeing in reach

Attract talent and increase retention with Yowage on-demand pay. The employee benefit that’s completely free for employers..

Request Demo

Money is a primary cause of anxiety in Africa

Money worries follow people into work. Employees everywhere are carrying financial burdens while trying to do their job. And when employees are experiencing financial stress, it severely impacts their ability to work, It can also impact their mental health and overall wellbeing, leading to; Decreased productivity, Higher absence rates, Distraction, Anxiety and depression

Why Choose Yowage

Responsive Layout

No impact on cashflow

There's no impact on your cashflow as Yowage provides the funds for all on-demand pay.

Retina Graphics

Increase retention

Retain stronger talent. It's good for your business and reduces your running costs..

Powerful Performance

Attract the best talent

By offering an employee-valued financial wellbeing benefit, you'll be more attractive to new talent.

Responsive Layout

It's free for employers

There are no set-up fees or recurring costs to your business. It's completely free for employers.

Retina Graphics

No payroll disruption

With Yowage, you don't need to make any changes to the way you run payroll..

Powerful Performance

No risk to your business

Since we provide the funds to employees, there is no financial risk to your business..

Request Demo

Why offer early wage access to your employees

Life is unpredictable. Unexpected costs may surely arise between paydays. The ability of a worker to access their earned money while under a "financial crunch," such as paying an unexpected medical bill, helps reduce stress and keeps them more productive at work, rather than worrying about their finances. Yowage alleviates the strain of workers' unexpected cash flow concerns.

What is Earned Wage Access

Earned Wage Access is a critical component of Financial Wellness and represents a significant shift in how employees are compensated for their efforts. Employees accrue pay on a daily basis, much like they accrue paid leave entitlement, rather than getting it at pre-agreed, regular intervals - typically the end of the month or the end of the week. Employees can then withdraw a portion of their accrued income at any moment, giving them unparalleled flexibility and control over their personal finances.

What will Yowage cost me

There is no expense to you as an employer, Yowage charges a tiny service charge on your employees for each cash out that results in a transfer of money to your mobile account. No interest is assessed. There are no monthly or annual fees. There are no unstated costs.

Won’t this encourage debt

Yowage was formed to offer an alternative to costly payday loans that would not only relieve debt but also encourage appropriate financial practices and instill a savings mindset.

Should I be concerned about cash flow if we pay employees throughout the month

There is no need to be concerned. Yowage funds advances to employees on behalf of the employer, ensuring that the firm's cashflow is unaffected.

This sounds like a loan. Is it

Yowage, as opposed to a loan, provides comprehensive, ethical access to your already hard-earned salary. Employees can have access to unpaid wages. There is no change in gross reportable earnings or net received wages. The employer pays no interest or fees.

Is the Yowage System secure?

Yes, Yowage uses two-factor authentication, bank-grade security, and encryption to protect your money and personal information. As an additional security safeguard, Yowage can only cash out to the mobile account that your employer has provided.

Is my information shared with anyone

No, Yowage won't divulge any of your information to a third party unless you specifically authorize us to do so. We simply provide your employer with information about your cash out transactions so they can modify your compensation the following pay period to reflect the total amount of your advances. For additional details, please review our T&C's.