{"id":67746,"date":"2024-04-17T13:59:25","date_gmt":"2024-04-17T05:59:25","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=67746"},"modified":"2024-04-17T14:31:28","modified_gmt":"2024-04-17T06:31:28","slug":"ewa-bpo-it-financial","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/","title":{"rendered":"EWA provider targets BPO, IT firms to ease financial stress"},"content":{"rendered":"

MANILA, PHILIPPINES \u2014 <\/span>Paywatch Philippines<\/span><\/a> has urged the private sector to adopt earned wage access (EWA) services. These services would provide employees access to earned wages before payday, reducing <\/span>financial stress<\/span><\/a> and reliance on loans.<\/span><\/p>\n

The company has reported engaging in discussions with several prominent <\/span>business process outsourcing (BPO) and information technology (IT)<\/span><\/a> companies in the Philippines.<\/span><\/p>\n

“We have so many negotiations with BPO and IT companies,” Paywatch Philippines president Rowell del Fierro said in a briefing on Tuesday.<\/span><\/p>\n

In an exclusive interview with Outsource Accelerator, del Fierro refused to name the said companies: “I just can’t obviously divulge, but definitely if you list, Google [the top 10]… and SSCs or what we call shared services centers.”<\/span><\/p>\n

AI-powered solution for workforce management<\/span><\/h2>\n

Paywatch leverages AI technology in its operations, streamlining employee data management and <\/span>payroll<\/span><\/a> integration.\u00a0<\/span><\/p>\n

“We’re able to attract a lot of investors. We’re not directly impacted by <\/span>AI displacement<\/span><\/a>. In fact, we already use AI on the back-end to process employee files,” del Fierro explained.<\/span><\/p>\n

Del Fierro emphasized that now is the time for employers to integrate EWA as a standard employee benefit in the midst of high inflation. He also noted that it can be a powerful tool to attract and retain staff.<\/span><\/p>\n

Data from Paywatch revealed that 66% of users felt less financial stress and increased retention by 78%.<\/span><\/p>\n

“I hope that the private sector takes an active step in introducing EWA-debt free in their companies… It’s not just financial literacy that\u2019s important but also financial wellness tools.”<\/span><\/p>\n

Strategic growth and impact of Paywatch<\/span><\/h2>\n

With over 70% active users accessing wages up to four times monthly, Paywatch aims to onboard 100,000 employees this year.<\/span><\/p>\n

Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan’s, and Dunkin’ Donuts.\u00a0<\/span><\/p>\n

Founded in 2018<\/span><\/a>, Paywatch also provides EWA services to <\/span>Malaysia<\/span><\/a>, <\/span>South Korea<\/span><\/a>, <\/span>Hong Kong<\/span><\/a>, and <\/span>Indonesia<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, PHILIPPINES \u2014 Paywatch Philippines has urged the private sector to adopt earned wage access (EWA) services. These services would […]<\/p>\n","protected":false},"author":18,"featured_media":67747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[203],"tags":[],"yoast_head":"\nEWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator<\/title>\n<meta name=\"description\" content=\"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-17T05:59:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-17T06:31:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2024\/04\/Paywatch-Philippines-president-Rowell-del-Fierro-during-its-first-media-and-stakeholders-briefing-at-Shangri-La-The-Fort-Manila-on-April-16-2024.-Photo-by-Liezel-Once.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liezel Once\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liezel Once\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\"},\"author\":{\"name\":\"Liezel Once\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/993c37539460a3486661abcbdc1a0972\"},\"headline\":\"EWA provider targets BPO, IT firms to ease financial stress\",\"datePublished\":\"2024-04-17T05:59:25+00:00\",\"dateModified\":\"2024-04-17T06:31:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\"},\"wordCount\":321,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Future of work\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\",\"name\":\"EWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#website\"},\"datePublished\":\"2024-04-17T05:59:25+00:00\",\"dateModified\":\"2024-04-17T06:31:28+00:00\",\"description\":\"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/news.outsourceaccelerator.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EWA provider targets BPO, IT firms to ease financial stress\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#website\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/\",\"name\":\"Outsource Accelerator\",\"description\":\"Outsourcing marketplace & advisory\",\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/news.outsourceaccelerator.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\",\"name\":\"Outsource Accelerator\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png\",\"contentUrl\":\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png\",\"width\":250,\"height\":250,\"caption\":\"Outsource Accelerator\"},\"image\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/outsourceaccelerator\/\",\"https:\/\/twitter.com\/outsourceaccel\",\"https:\/\/www.linkedin.com\/company\/outsourceaccelerator\",\"https:\/\/www.youtube.com\/@OutsourceAccelerator\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/993c37539460a3486661abcbdc1a0972\",\"name\":\"Liezel Once\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c30e6d1e7804845febc6f561a59a3cfc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c30e6d1e7804845febc6f561a59a3cfc?s=96&d=mm&r=g\",\"caption\":\"Liezel Once\"},\"description\":\"Liezel is a business journalist at Outsource Accelerator, the world's leading outsourcing platform. She also has a background in TV, radio, and online broadcasting. When free from the demands of work, Liezel loves to travel.\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/author\/liezel-once\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator","description":"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/","og_locale":"en_US","og_type":"article","og_title":"EWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator","og_description":"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0","og_url":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/","og_site_name":"Outsource Accelerator","article_publisher":"https:\/\/www.facebook.com\/outsourceaccelerator\/","article_published_time":"2024-04-17T05:59:25+00:00","article_modified_time":"2024-04-17T06:31:28+00:00","og_image":[{"width":"1280","height":"720","url":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2024\/04\/Paywatch-Philippines-president-Rowell-del-Fierro-during-its-first-media-and-stakeholders-briefing-at-Shangri-La-The-Fort-Manila-on-April-16-2024.-Photo-by-Liezel-Once.png","type":"image\/png"}],"author":"Liezel Once","twitter_card":"summary_large_image","twitter_creator":"@outsourceaccel","twitter_site":"@outsourceaccel","twitter_misc":{"Written by":"Liezel Once","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#article","isPartOf":{"@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/"},"author":{"name":"Liezel Once","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/993c37539460a3486661abcbdc1a0972"},"headline":"EWA provider targets BPO, IT firms to ease financial stress","datePublished":"2024-04-17T05:59:25+00:00","dateModified":"2024-04-17T06:31:28+00:00","mainEntityOfPage":{"@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/"},"wordCount":321,"publisher":{"@id":"https:\/\/news.outsourceaccelerator.com\/#organization"},"articleSection":["Future of work"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/","url":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/","name":"EWA provider targets BPO, IT firms to ease financial stress - Outsource Accelerator","isPartOf":{"@id":"https:\/\/news.outsourceaccelerator.com\/#website"},"datePublished":"2024-04-17T05:59:25+00:00","dateModified":"2024-04-17T06:31:28+00:00","description":"Targeting firms with over 1,000 employees initially, Paywatch has partnered with Shang Properties, Wilmar International, Rustan's, and Dunkin' Donuts.\u00a0","breadcrumb":{"@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/news.outsourceaccelerator.com\/ewa-bpo-it-financial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/news.outsourceaccelerator.com\/"},{"@type":"ListItem","position":2,"name":"EWA provider targets BPO, IT firms to ease financial stress"}]},{"@type":"WebSite","@id":"https:\/\/news.outsourceaccelerator.com\/#website","url":"https:\/\/news.outsourceaccelerator.com\/","name":"Outsource Accelerator","description":"Outsourcing marketplace & advisory","publisher":{"@id":"https:\/\/news.outsourceaccelerator.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.outsourceaccelerator.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/news.outsourceaccelerator.com\/#organization","name":"Outsource Accelerator","url":"https:\/\/news.outsourceaccelerator.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/","url":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png","contentUrl":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png","width":250,"height":250,"caption":"Outsource Accelerator"},"image":{"@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/outsourceaccelerator\/","https:\/\/twitter.com\/outsourceaccel","https:\/\/www.linkedin.com\/company\/outsourceaccelerator","https:\/\/www.youtube.com\/@OutsourceAccelerator"]},{"@type":"Person","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/993c37539460a3486661abcbdc1a0972","name":"Liezel Once","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c30e6d1e7804845febc6f561a59a3cfc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c30e6d1e7804845febc6f561a59a3cfc?s=96&d=mm&r=g","caption":"Liezel Once"},"description":"Liezel is a business journalist at Outsource Accelerator, the world's leading outsourcing platform. She also has a background in TV, radio, and online broadcasting. When free from the demands of work, Liezel loves to travel.","url":"https:\/\/news.outsourceaccelerator.com\/author\/liezel-once\/"}]}},"_links":{"self":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/67746"}],"collection":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/comments?post=67746"}],"version-history":[{"count":2,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/67746\/revisions"}],"predecessor-version":[{"id":67755,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/67746\/revisions\/67755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/media\/67747"}],"wp:attachment":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/media?parent=67746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/categories?post=67746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/tags?post=67746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}