{"id":111696,"date":"2024-01-26T18:37:20","date_gmt":"2024-01-26T18:37:20","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance"},"modified":"2024-01-26T19:36:47","modified_gmt":"2024-01-26T19:36:47","slug":"new-partnership-to-enhance-access-to-salary-advance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance","title":{"rendered":"New partnership to enhance access to salary advance"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Workers in Kenya will now access their hard earned wages before their payday in a new move aimed at tackling the pressing issue of employee financial stress.<\/p>\n

This is after a new deal between Apptivate Africa and Dime Credit introduced a new salary advance program aimed at enhancing the financial well-being of workers.<\/p>\n

The collaboration comes at a time when financial strain among employees is on the rise, with surveys indicating that more than 68 percent of workers are grappling with financial stress, which adversely affects their overall wellness and productivity.<\/p>\n

Employees in the formal sector also referred to as blue collar jobs have had to wait till end month to access their Salaries a trend that payroll solution providers say is sinking them more into debt as they seek advances to pay school fees.<\/p>\n

With over 80 percent of employees expressing keen interest in such financial assistance initiatives, the collaboration between Apptivate Africa and Dime Credit couldn’t have come at a more opportune moment.<\/p>\n

“We are delighted to join forces with Dime Credit to launch this employee benefit program. These statistics underline the critical need for accessible financial solutions, and through this collaboration, we aim to make a meaningful impact on the lives of employees,” said Apptivate Africa, CEO Neil Ribeiro.<\/p>\n

Echoing similar sentiments, Fernandes, Director of Dime Credit, emphasized the urgency of addressing the demand for employee-focused financial solutions.<\/p>\n

According to industry players the model will help employees improve on their output at work alongside enabling the small firms manage their employees and create financial history to enable them access loans.<\/p>\n

Through this alliance, Apptivate Africa and Dime Credit are poised to revolutionize employee financial wellness by offering seamless access to salary advances, thereby fostering stability and resilience in the workforce.<\/p>\n

According to the Kenya National Bureau of Statistics\u2019 over 83 per cent of Kenya\u2019s working population is employed in the informal sector.<\/p>\n

Despite the massive potential in the sector, there has been a slow adoption of technology with a majority of Kenyan companies still handling most HR practices manually despite the global shift to digitisation.<\/p>\n

The Kenya Public Policy Research and Analysis (KIPPRA) says that an estimated 7.4 million SMEs in Kenya, are struggling to manage human resources.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Workers in Kenya will now access their hard earned wages before their payday in a new move aimed at tackling the pressing issue of employee financial stress. This is after a new deal between Apptivate Africa and Dime Credit introduced a new salary advance program aimed at enhancing the financial well-being of […]<\/p>\n","protected":false},"author":84,"featured_media":111695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-111696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nNew partnership to enhance access to salary advance - kenya<\/title>\n<meta name=\"description\" content=\"Workers in Kenya will now access their hard earned wages before their payday in a new move aimed at tackling the pressin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New partnership to enhance access to salary advance\" \/>\n<meta property=\"og:description\" content=\"Workers in Kenya will now access their hard earned wages before their payday in a new move aimed at tackling the pressin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-26T18:37:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T19:36:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/01\/sm_1706284998.428321.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New partnership to enhance access to salary advance\",\"datePublished\":\"2024-01-26T18:37:20+00:00\",\"dateModified\":\"2024-01-26T19:36:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\"},\"wordCount\":389,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/01\/sm_1706284998.428321.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/new-partnership-to-enhance-access-to-salary-advance\",\"name\":\"New partnership to enhance access to salary advance - 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