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EZ Wage Partners with Bank Alfalah to Revolutionize Financial Wellness in Pakistan

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Lahore – August 1st , 2022: Singapore-based EZ Wage, a leading regional financial wellness
platform, has signed an agreement with Bank Alfalah as its Digital Payments Partner to facilitate
Earned Wage Access (EWA) in Pakistan with secure payment transfers. Under the agreement,
EZ Wage will route payments in real-time to its users through Bank Alfalah’s platform.
EZ Wage’s state-of-the-art mobile app enables employees to withdraw a portion of their earned
salary before their scheduled payday. This earned wage access facility allows them relief in case
of monetary emergencies, such as an unexpected expense due to a medical emergency in the
family.

The financial wellness platform has already signed up companies employing more than 135,000
salaried individuals across Pakistan and is rapidly adding more companies that are interested in
providing this revolutionary employee benefit to their employee base. EZ Wage will also be
introducing additional offerings specifically geared towards improving employee financial
literacy and independence.

The Founder and CEO of EZ Wage, Fatima Batool, hopes to bring about a revolution in financial
wellness for the masses in the emerging markets of South/Southeast Asia. She is focused on the
women segment in particular, which in her opinion is the most marginalized segment in terms
of financial independence.

Mr. Yahya Khan, Group Head, Digital Banking Group at Bank Alfalahstated “Bank Alfalah
through its diverse and ever-evolving services portfolio is empowering employees and working
towards the financial wellness of the masses in Pakistan. This FinTech partnership is another
step towards our objective to offer seamless services in order to digitize the payments eco-
system and revolutionize daily use finance.”

Fatima Batool mentioned, “We are proud to partner with Bank Alfalah to boost financial
inclusion and independence by making access to earned wages an option for employees across
Pakistan. A dedicated and motivated workforce is the engine of growth in any economy and
both EZ Wage and Bank Alfalah aim to further financial wellness with this partnership.
Hisham Naseem, Global CFO of EZ Wage, added "EZ Wage is looking forward to working closely
with Bank Alfalah in the coming months, to make this collaboration a success for all
stakeholders.

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Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

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