Malayan United Industries Berhad (MUI) has forged a strategic partnership with Paywatch, the pioneering Earned Wage Access (EWA) provider backed by a prominent Asian bank.
This collaboration is geared towards enhancing the financial empowerment of MUI’s workforce. Under this alliance, all MUI Group personnel, spanning across entities like the group headquarters, Corus Hotels, Metrojaya, and PM Securities, will be offered an automated and adaptable payroll solution.
This innovative approach grants them instant access to their earned wages through reputable banking institutions.
Andrew Khoo, the chairman of MUI, has orchestrated this alliance with Paywatch as a pivotal move in his endeavor to usher in a new era of transformation and innovation within the conglomerate.
Through this association, Khoo aims to endow MUI Group employees with heightened control over their financial matters by facilitating instant access to their accrued wages.
Given MUI’s strong commitment to digitalization, Paywatch bridges the operational gap between immediate salary requests and the requisite administrative procedures, seamlessly integrating technology to automate backend processes.
Khoo, who serves as both the CEO/chairman of MUI Group, remarked, “We are embarking on a new phase of business transformation, and our aim is to maintain our position as a premier Malaysian conglomerate leading the charge in adopting technological advancements.
“It is imperative that we continue to provide unparalleled employee experiences across our brands. The introduction of on-demand salary services through Paywatch is the latest augmentation to our roster of ESG initiatives, all designed to enhance employee welfare by affording greater financial flexibility.
“Our experience has shown that well-cared-for employees invariably translate to happier customers, making EWA a mutually beneficial solution.
“Payroll is a pivotal business function closely intertwined with employee contentment and well-being, yet transformation in this sphere often remains unexplored.”
Paywatch’s emergence as a transformative force in payroll administration is invigorating, and our employees are enthusiastic about our partnership, which empowers them with amplified financial autonomy and immediate salary access.”
Alex Kim, president and co-founder of Paywatch, said: “We wholeheartedly believe in MUI’s vision to reshape business operations in Malaysia and are honored to align with an iconic enterprise that shares our commitment to employee well-being and empowerment.
“We eagerly anticipate providing MUI’s workforce with increased control and flexibility in managing their finances. As digital solutions gain prominence in Malaysian businesses, the adoption of innovative employee well-being solutions like EWA is heartening, given their potential to significantly enhance employees’ quality of life.”
Since 2022, renowned names such as PayNet, CP Group (Lotus’s), Wilmar Group, PPB Group (including FFM and Massimo Breads), QSR Brands Group (including QSR Trading, KFC, Pizza Hut), Cosway, and publicly-listed Shopper360 have already integrated Paywatch into their endeavors, advancing their journey toward a more prosperous financial future for their employees.
For more insights into MUI Group, visit https://www.muiglobal.com/, and to learn more about Paywatch, explore https://www.paywatch.com.my/.
