PayNow is a unique feature in the PaySauce mobile app that lets employees access the money they’ve already earned, effectively letting you choose your own payday on demand.
So you’ve done some work, but haven’t been paid yet. You’ve already earned a chunk of cash for the hours you’ve worked since your last payday - so we make that money available to you, on your time. PayNow just helps you collect your own money when you need it.
You can access your available earnings using the PaySauce app - it’ll only show you the amount that you’ve earned since your last payday. Choose an amount to request, and you get paid - usually within an hour!
When payday comes around, your employer processes payroll as usual, less the amount you have already received; the rest comes to you.
Cars break down, teeth get sore, and stuff happens. If you're on fortnightly or monthly pays, payday can be a long wait. PayNow gives you access to your own earnings to provide a solution to these nasty surprises.
Kiwis who are short on cash often resort to high-cost, predatory lenders. PayNow gives you a better option. It is not a loan, so there are no borrowing fees or interest, and there’s no danger of creating more debt.
PayNow is part of BNZ’s mission to disrupt predatory lending in New Zealand which includes support for programmes such as Good Loans and Habitat for Humanity Home Repair programme. Through these partnerships BNZ has provided more than $12 million in low & no interest lending to support those who need it most.