According to several credible research papers, personal finance is ranked as a leading cause of employee stress in most countries and employees suffer from financial stress. Financially stressed employees lose about a month of productive work days each year, and they are twice as likely to seek a new job opportunity.
Earned Wage Access (EWA) helps relieve financial stress, by eliminating the need of having to wait for their next paycheck to access pay.
For the reason below, EWA is a better and safer alternative to overdrafts, payday loans, salary loans from your bank or any of the specialised deposit-taking lenders.
1. NO UPFRONT FEES
No upfront fees required. You just need to meet our eligibility requirements as a permanently employed salaried worker with verifiable monthly income.
2. NO PRIOR SAVINGS REQUIRED
We're not a bank or any of the specialised deposit-taking financial institutions - We're not any those institutions who will hold onto your savings or deposits, or process your salary and still charge you fees and interests for a salary advance that takes hours or days to be processed.
No savings required to access part or all of your earned wages and/or salaries from us!!
3. INSTANT ACCESS
Earned wage access (EWA) allows you to access your earned income at a time that’s right for you, not your employer. Qualified employees get instant access to part or all of their earned salaried with just the click of the button with us. The platform allows you to get your earned wages at any time. No more waiting for the usual salary date or financial department approval to access liquidity.
With Sikamaster, liquidity is just a click away. After requesting, the amount it will be transferred directly to your bank account (or verified momo account), helping you handle financial emergencies and personal needs easily and quickly.
4. INTEREST-FREE
You don’t have to pay interest on money you’ve earned just because you want to use it before your scheduled pay date. Earned Wage Access (EWA) is not a loan to warrant charging interest. It is just your own salary that you're accessing earlier than actual payment date. Only transfer charges
5. AVOIDS DEBT & PREDATORY LENDING
The increased flexibility of EWA allows employees to potentially improve their financial well-being and avoid predatory lending solutions that can damage their credit and rack up costly interest rates or other fees.
6. FINANCIAL HEALTH
Eliminate your financial issues with Quidmaster. Your financial health improves because you never have to worry about money.
7. MULTIPLE PAYOUT METHODS & OPTIONS
Aside the default remittance of part of your salary to a traditional bank account, we can transfer to you via verified digital wallet account in your own name. You can also use part or all of the approved funds to settle medical or utility bills on your behalf.
8. RELIABLE PROVIDER - 24/7 LIQUDITY ACCESS
With Quidmaster, Every Day is a Payday, and Liquidity is Readily Available. Quidmaster is very well-capitalised by virtue of it being a business owned by The DCANS Group Limited (dual-headquartered in Ghana and the UK).
Do you have emergency expenses and the salary payment date is far away? Don't worry; with us, everyday is payday. With our platform, you can get the necessary liquidity with just one click.
9. TDG ECOSYSTEM BENEFITS
Built into this service, are relevant renting and home ownership options:
Rent & Pay Monthly
Rent & Pay Monthly via The PPB UK.
Rent-to-Buy Home Ownership
Opportunity to own a house via rent-to-buy option if you don't qualify for a traditional mortgage now.
10. EMPLOYER BENEFITS
EWA is also beneficial for employers, as it can boost employee performance and loyalty, as well as the business’ bottom line.
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