Earned wage access both a boon and a bane

PETALING JAYA: A financial emergency does occur once in a while and for some, having to wait until the end of the month for their salary may be too late.

To fulfil such needs, some companies have introduced a programme that enables employees to be paid before they receive their salary.The system, called earned wage access , has gained acceptance among employers, and it has given employees a breather when facing a difficult situation. Malayan United Industries Bhd , one of many companies that already have the EWA in place, said it could give employees better control over their finances.

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