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Paywatch, Visa Sign MoU to Promote Financial Inclusion Among Asia’s Workforce
Source: Digital News Asia
Paywatch, an Earned Wage Access (EWA) South Korean startup that relocated its HQ to Malaysia in 2022, announced last week an MoU with Visa to promote financial inclusion among Asia's workforce. In a statement, the firm said it aims to bridge the gap between traditional banking services and the unbanked populations in Asia.
According to Alex Kim (pic, below), President/co-founder of Paywatch, the underbanked population in Asia may be able to open bank accounts but are often completely excluded from other financial services offered by legitimate institutions.
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