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Paywatch enters PH: Asia’s leading Earned-Wage Access (EWA) service to battle petsa de peligro among employees
Living paycheck to paycheck is common among Filipino households. Those who live this way are familiar with the term petsa-de-peligro, or the critical days of budgeting right before the next paycheck. Debt and petsa-de-peligro are often symptoms of lack of efficient financial access. These challenges are what Paywatch, Asia’s leading earned-wage access (EWA) service provider, aims to solve.
Paywatch recognized as a Top ESG at the 2023
Malaysia Fintech Frontier Awards. |
EWA allows employees to access some of their wages before the end of their payroll cycle, lessening their need to apply for short-term loans to cover day-to-day expenses or emergencies. With Paywatch, employees get to access their earned salary anytime and anywhere with just a few clicks. No need to file cash advance requests and definitely no interest charge.
Paywatch is quickly becoming the biggest EWA player in Southeast Asia as it opens in the country. As of last record, Paywatch services more than 300 employers and 500,000 employees in Malaysia, South Korea, Indonesia, and now, the Philippines.
Paywatch to mitigate debt traps among Filipino wage workers
Paywatch started its operations in the Philippines with a partnership with Wilmar International, one of Asia’s leading agribusiness groups. They also have a cohesive partnership with Shang Properties, an established real estate developer in the country. Employees at these companies are more empowered to manage their finances with an innovative EWA solution. In fact, Paywatch has received an overwhelming reception with 150% response to roadshows as employees invite their co-workers to learn more about EWA.
“So many Filipinos are faced with petsa de peligro on top of various financial challenges, especially debts. With this EWA innovation at hand, we at Paywatch aim to alleviate the financial stress that every Pinoy worker knows all too well. Moreover, it also contributes to strengthening businesses as it helps keep its employees secure and productive. Indeed, the impact of EWA is tangible and profound,” shares Rowell Del Fierro, President of Paywatch Philippines.
Paywatch to help businesses increase employee retention rate
Employers also benefit from Paywatch by addressing retention and productivity issues. Paywatch has noted that Southeast Asia faces a 67% turnover in its workforce, which greatly affects the business landscape in the region.
When employees can access their earnings, they can regain control of their finances and are motivated and productive at work. The service provider has a proven track record, with employers reporting increased productivity. An employer has noted a remarkable increase in employee retention, from 104% turnover rate pre-Paywatch implementation to 26% after the service was offered.
Paywatch also provides a customized approach and dedicated support to every business. Signing up only entails a one-time setup with zero disruptions to the human resources system and cash flow, whatever the industry or company size.
Paywatch is founded by industry and regional experts, all committed to helping alleviate its customers' financial burdens in the Philippines. This has made Paywatch the only EWA provider in partnership with multiple topnotch financial institutions such as VISA, Zurich, Hana Bank, OCBC Bank, UOB, and Hong Leong Bank . All central banks also endorse the provider within the locations it operates. Lastly, Paywatch has an unparalleled geographical reach and is the only EWA company serving four markets.
“Empowering employees towards financial freedom is not just our mission; it's our commitment to a brighter, debt-free future. Paywatch aims to transform the traditional payroll system to address the vicious cycle of debt. With our innovation, employees can gain control over their finances, access their hard-earned money for emergencies, and eliminate the need for predatory loan practices. Together, we can promote financial well-being and create a debt-free future for all wage workers,” says Alex Kim, co-founder and president of Paywatch.
P&G Health Unveils Breakthrough Solutions for Peripheral Neuropathy Management
1. Innovative Research: A leader in Nerve Health, P&G Health invests in continuous research, exemplified by studies like the NENOIN Study, to uncover effective solutions for Peripheral Neuropathy. This commitment to innovation underlines P&G's dedication to improving outcomes for those living with PN. PN is associated with poor functional mobility and compromised motor symptoms, in addition to sensory symptoms. These symptoms significantly worsen the quality of life of patients. Results from the NENOIN study concluded that the synergistic combination of vitamins B1, B6, and B12 can not only relief symptoms but also significantly improve nerve function in patients with PN which is a critical learning. This further underlines how early screening for PN and timely treatment can help improve quality of life and treatment outcomes2. Vitamin B Supplementation: Besides diabetes mellitus, aging, alcoholism, and B vitamins deficiencies are other high-risk factors leading to peripheral nerve damage. Vitamin B1, B6, and B12 play essential roles in the maintenance of a healthy nervous system. Vitamin B1 provides energy to the nerves, vitamin B6 helps with signal transmission in nerves, while vitamin B12 helps with neuronal regeneration. combination of vitamin B1, B6 and B12 that is scientifically proven to repair nerve damage, restore nerve function and regenerate nerves to relieve neuropathy symptoms.3. Pharmacist Engagement: Acknowledging the integral role of pharmacists in patient care, P&G advocates for their active involvement. By providing guidance on lifestyle modifications and recommending over-the-counter treatments, pharmacists play a vital role in supporting individuals with PN. A Speaker at the Forum, Dr. Kenny P Merin (Pharmacist, and Assistant Vice President, Academics & Research of Lyceum of the Philippines University Davao – Philippines) shared, "Pharmacists are an integral part of the healthcare team and can provide valuable support to patients with PN, yet often we are underutilized. Pharmacists are often the first point of contact and can drive early awareness of patient's condition, offer guidance on lifestyle modifications, and help optimize medication regimens. Pharmacists can also recommend over-the-counter treatments (e.g., therapeutic dose of Neurotropic B vitamins) for PN symptom relief. By actively engaging with patients and healthcare professionals, let's join hands to improve PN patients' long-term health and well-being.”4. AI-Powered Awareness: P&G's ongoing #KnowtheSigns campaign leverages Artificial Intelligence to make the often-invisible conditions of PN and Vitamin B deficiency more visible and relatable to consumers. Early diagnosis is emphasized as a critical factor in enabling better treatment outcomes.5. Collective Stakeholder Efforts: Insights from healthcare professionals around the globe underscore the importance of collaborative efforts, education, and early intervention. As a partner to International Diabetes Federation (IDF), P&G Health is committed to continued efforts to raise awareness on Diabetes and its associated complications including Peripheral Neuropathy and Vitamin B Deficiency. The goal is to create a comprehensive support system that addresses the challenges posed by Peripheral Neuropathy on a global scale.
5 creative ways to make after-school activities more fun
Kids spend most of their weekdays in school. From classes to extracurricular activities, they deserve a fun treat when they get home, especially after a long day. This is the perfect opportunity for parents to get creative with after-school activities as a reward for kids doing an awesome job in their classes and finishing their assignments on time.
If you need ideas to make your kids’ after-school routine more fun and rewarding, here are some suggestions:
#1 Get crafty and make a calming jar
A calming jar is a sensory item that can help relax anyone that shakes it. You can easily make this with your kids by pouring glitters, hand soap, and watercolor in a clear jar – then mix! This will create a shimmery mixture that can be compared to a snow globe when shaken. This is a great artsy activity that you can do in just a few minutes.
#2 Sing your heart out
Music can uplift anyone’s mood. Once your kids are done with their homework, you can play their favorite songs on Spotify or put on lyric videos on YouTube to have a videoke party in your sala as a treat to them. To make it more fun and exciting, dress up as your favorite singers, so you’ll really feel like you’re in their shoes. Dancing is also highly encouraged!
#3 Get active and create new games at the
park
Nothing beats park dates after school. Take your kids to a nearby park where you can spend time at the playground before going home. You can also organize a scavenger hunt but with a twist where kids are challenged to find as many items in different colors as they can. And by the end of a timer, the one with the most number of items wins. This can help kids de-stress and feel recharged before they start on their assignments and go back to school the next day.
#4 Whip up a fun, yummy drink
Chocolate is always a great reward after a long day or week in school. An easy recipe that you and your kids can do at home is the Funtasy Mallows Fudge Freeze, a colorful shake made with Swiss Miss Funtasy Mallows. The product is made with premium chocolate and real milk, topped with colorful marshmallows. Turn the day around and level up the fun with this snack time drink.
Make after-school activities more fun and rewarding for your kids with Swiss Miss Funtasy Mallows
Here’s what you need to make a Funtasy Mallows Fudge Freeze:
INGREDIENTS (Good for two servings)
●
2 packs Swiss Miss Funtasy Mallows
●
½ cup water
●
2 cups vanilla Ice cream
●
1 cup ice
●
Marshmallows
● Whipped cream (optional)
INSTRUCTIONS
●
Dissolve 2 Swiss Miss Funtasy
Mallows in ½ cup water
●
Add 2 cups ice cream, 1 cup ice,
and Swiss Miss Funtasy Mallows mixture in a blender
●
Add marshmallows in a glass
●
Pour Funtasy Mallow Fudge Freeze
mixture in glass
● Add toppings
#5 Indoor movie nights made fun
Watching a movie together at home is a great bonding activity for the whole family. Decorate your sala with fairy lights and movie posters to add more ambiance for the best indoor movie experience. Get your snacks and Funtasy Mallow Fudge Freeze, and get cozy on the couch while enjoying your chosen flick. This is a fun way to reward your kids with an exciting viewing experience after school days.
These after-school activities are a great way to let your kids have fun before another school day, and also appreciated for their hard work. Your kids will certainly appreciate every treat that you give them.
Make them more special with a delicious drink made with Swiss Miss Funtasy Mallows, like the Funtasy Mallows Fudge Freeze. This will surely add a creative and refreshing spin to rewards.
For more recipe videos, follow Swiss Miss Philippines on Facebook.