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Episode 19: Simon Ellis, SmartWage
This episode features a conversation about earned wage access with SmartWave CEO Simon Ellis. EWA is an increasingly common tool that gives employees access to wages before payday, usually for a small fee. EWA platforms are popping up all across Africa, where the need is acute. By some measures, nearly 80% of lower-wage workers in South Africa run out of money before payday, leaving them vulnerable to payday lenders. Simon walks us through the business model, detailing both its challenges and opportunities.
This news came out right after we issued our newsletter, today, so we put together a quick update. @postpayofficial @afterpay_au #bnpl #mena #ecommerce #buynowpaylaterhttps://t.co/ds5sTZ5VLI
— BigFive Digital (@Big5Digital) June 28, 2021
New #Africa SMME Tech Report is out. Headlines:
— BigFive Digital (@Big5Digital) June 28, 2021
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