Saturday, May 25, 2024
spot_img
HomeNews & ViewsIndustry Focuswagely partners with Impress Newtex, allowing over 12,000 workers access to their salary whenever...

wagely partners with Impress Newtex, allowing over 12,000 workers access to their salary whenever they need

Wagely Bangladesh Ltd. (“wagely”), Bangladesh’s first and largest financial wellness platform, has signed a partnership with Impress Newtex Composite Textile Ltd. (“INCTL”), the RMG concern of Impress Group, one of the leading conglomerates of the country. This partnership will integrate wagely’s financial wellness platform into the benefits program of INCTL, allowing over 12,000 workers to easily access a portion of their salaries anytime in as quickly as a few seconds — a perk that comes in handy for the employer and worker.

wagely co-founder and CEO Tobias Fischer, and Impress Newtex Director Nafis Ud Doula
wagely co-founder and CEO Tobias Fischer, and Impress Newtex Director Nafis Ud Doula sign a partnership to allow Earned Wage Access (EWA) to INCTL employees and workers

During the signing, Nafis Ud Doula shared “For us at INCTL, providing overall employee wellness is strong company commitment – from health, education and training, diversity, and now financial wellness. We are excited to partner with the industry leader for financial well-being in Bangladesh. Since the early launch days, we have already witnessed the tremendous benefits of partnering with wagely, resulting in lower migration, higher engagement, and productivity.

“The struggle to cover unexpected expenses between paychecks and the sudden increase in living costs has put many workers in a dire financial situation. As a result, businesses are impacted by worker migration and lower productivity” said Tobias Fischer. “We are honored to partner with industry leaders such as Impress Newtex, renowned for their values towards corporate social responsibility, sustainability, and compliance.”

Within a short period of time after its launch in October 2021, wagely successfully partnered with more than 35 RMG and non-RMG factories across Bangladesh and recently inaugurated its second office in Chittagong as a step forward to expand across the country with a firm foundation.

Granted the Inclusive Fintech 50 2022 Award, wagely further gained the trust and confidence of renowned industry stakeholders and teamed up with BGMEA, BKash, USAID, and UNCDF to expand its financial wellness services across more workers and employees to ensure their financial inclusion and independence.

YOU MAY ALSO LIKE
- Exhibition - spot_img
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

PICVISA to Present Key Innovations at IFAT Munich 2024: Reuser and ECOFLAKE, the Future of Textile and Plastic Recycling

Textile Recycling Innovation with Reuser: An advanced system for the smart classification of textiles. ECOFLAKE Launch: Cutting-edge technology for the precise separation of plastic flakes....

Dhaka to host the largest edition of Intex International Textile Sourcing Show from 30 May to 1 June 2024

The 14th edition of Intex Bangladesh, the premier international textile sourcing show, begins on 30th May 2024 at the International Convention City Bashundhara (ICCB)...

Techno Sport Becomes the First Brand in India to Join Bluesign

Techno Sport, one of India’s best sportswear brands online based out from Tiruppur, India, became the first brand in India to join bluesign as a system partner. Their...