00:00A reminder before watching the video
00:01There's more content on trending websites.
00:04It's not the end of the month yet.
00:05But every month at the end
00:06Many migrant workers are starting to run into financial difficulties.
00:09They all eat raw peanuts.
00:11Sometimes the company pays you late.
00:13It takes a day or two to post
00:15Maybe those few days?
00:17Working people will live with a lot of anxiety.
00:19They might only be able to eat instant noodles.
00:20I'll just eat bread to get through this.
00:22The salary hasn't been paid yet.
00:24But the money is almost gone.
00:26This type of monthly salary for working-class people
00:28Today, Shen Zhiqiang, Minister of Enterprise and Cooperative Development
00:31They announced some news that might be helpful to you.
00:34To enable employees to have cash when they urgently need it
00:37More room for maneuver
00:39Mbank and Rams Fintech
00:42They jointly launched a new product today.
00:44Pay Day Now platform
00:45Allowing employees to receive their new jobs before the official payday
00:48You can withdraw part of your earned salary in advance.
00:52So this item is being updated immediately.
00:55Pay Day Now service
00:56Qualified employees
00:58You can withdraw a maximum of 25% each week.
01:02Earned salary
01:03If each successful advance withdrawal...
01:06Only a RM5 processing fee is required.
01:08in other words
01:09If unexpected expenses really occur
01:12Or short-term funding needs
01:14Employees do not have to wait until the end of the month to receive their salary.
01:17You can receive your salary in advance.
01:20Minister for Enterprise Development, Sim Tze Tzin, stated
01:22Modern people's financial needs are no longer limited to
01:25In a situation where you get paid once a month
01:29Because unexpected expenses can occur at any time in life.
01:32Therefore, salary and cash flow management
01:35A more flexible approach is needed to address this.
01:38Shen Zhiqiang said
01:39The new platform launched today is considered as already earned wages.
01:42Claim Earn Rich Access EWA service in advance
01:46The employee can receive their earned wages in advance.
01:49It's not just about getting a sum of money.
01:51They can have greater financial autonomy
01:54It also has the ability to withstand risks.
01:56Reduce short-term financial pressure
01:58It also reduces reliance on high-interest loans or lending services.
02:01Cultivating healthier financial habits
02:04This service is suitable for organizations and businesses of different sizes.
02:07Including public institutions, small and medium-sized enterprises, and large enterprises
02:10and listed companies
02:12And it helps to promote the digitalization of corporate payroll management.
02:15Improve overall operational efficiency
02:17However, the platform will initially be open to private use.
02:22And AmBank pointed out
02:23This collaboration will be launched immediately.
02:25It also aligns with the development plans of Bank Negara Malaysia and MalaysiaPay Networks.
02:29Towards
02:29Further promote digital payments
02:31Expanding financial inclusion
02:32And through financial technology innovation and banking infrastructure
02:36To strengthen Malaysia's digital economy
02:38The new PaydayNow app will be released today.
02:42It is currently available on the Apple App Store.
02:44And downloaded from the Google Play Store
02:46Eligible employers
02:48You can also use AmBank's services.
02:50Provide employees with the convenience of receiving their earned wages in advance.
02:54Let's see how everyone uses the program.
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