Malayan United Industries Berhad (MUI) has partnered with Paywatch, Asia’s first bank-backed earned wage access (EWA) provider, to financially empower its employees. The partnership will see all staff under MUI Group - including the group headquarters, Corus Hotels, Metrojaya and PM Securities - offered automated flexible payroll. The service provides instant access to earned wages through reputable banks.
MUI chairman Andrew Khoo, made the move as part of plans to spearhead a new era of transformation and innovation for the conglomerate. Through Paywatch, Khoo aims to effectively empower MUI Group’s employees with more control over their finances through instant access to their earned wages. With digitalisation being a key priority for MUI’s future, Paywatch bridges the administrative gap between on-demand salary requests and the necessary administrative processes for these instant salary payouts, effectively leveraging technology to automate backend processes within the business.
“MUI Group is entering a new era of business transformation and we aim to stay at the forefront of the implementation of technological advancements to cement our position as one of Malaysia’s leading conglomerates. With this, it’s critical that we continue to provide the best employee experiences within our brands.
"On-demand salary through Paywatch is the latest addition to our lineup of ESG initiatives designed to increase employee welfare through more financial flexibility. From experience, employees that are well taken care of also create happier customers, so EWA has proven itself as a win-win solution for us,” said Khoo.
“Payroll is a key business function that is closely tied to employee satisfaction and wellness, and yet transformation within this area is often overlooked. Paywatch is a gamechanger when it comes to rethinking payroll, and our employees are excited for our partnership which gives them more flexibility and ownership of their finances through instant access to their salaries.”
Alex Kim, President and Co-Founder of Paywatch said: "We truly believe in MUI’s mission to reimagine how businesses operate in Malaysia and are proud to partner with an iconic business where their vision for employee wellness and empowerment matches our own. We’re excited to provide MUI’s employees with more autonomy and flexibility in their financial management. As more businesses in Malaysia embrace digital solutions, we are heartened to see an increase in adoption of innovative employee wellness solutions such as EWA, which can drastically improve employees’ quality of life."
MUI Group is one of many Malaysian conglomerates to partner with Paywatch. Since 2022, PayNet, CP Group (Lotus’s), Wilmar Group, PPB Group (including FFM, Massimo Breads), QSR Brands Group (including QSR Trading, KFC, Pizza Hut), Cosway, Shopper360 and more have already implemented Paywatch as part of their journey towards a better financial future for their employees.
