SMS-based transactions eliminate the need for expensive smartphones, allowing a larger portion of the impoverished class to withdraw their hard-earned money whenever they want.
This announcement comes at a time when price inflation has skyrocketed and access to basic technology, such as smartphones, is considered a luxury for many. The Short Code feature will allow for users to withdraw their earned wages via SMS based transactions and will do away with the requirement of downloading and using the state-of-the-art EZ Wage App.
Singapore-based EZ Wage announced the latest addition to its current offering as part of its mission to financially empower the region’s blue-collar masses. The financially marginalized now have the opportunity to access their earned wages without the need to purchase and use expensive smartphones.
Users will withdraw the required amount from their EZ Wage accounts using their mobile phones, giving the end user more options while accessing their EZ Wage account from the comfort of basic and inexpensive mobile phones.
After sending an SMS to EZ Wage’s number 95651, users must complete a few steps. Users will simply enter their unique CNIC, followed by selecting the amount they wish to withdraw, and completing the transaction by entering their MPIN to confirm if their employers have registered their company with EZ Wage.
The entire process is expected to take a few minutes, and the EZ Wage Team has purposefully kept it simple so that even financially illiterate users can use it effortlessly.
EZ Wage Founder and CEO Fatima Batool said, “Financial independence is a right that should not be confined only to a select few in the top tier. My team is working tirelessly to instill financial literacy, one feature at a time, with the ultimate goal of making financial tools available to the region’s masses.
SMS-based transactions are a step in this direction, as they eliminate the need for expensive smartphones, allowing a larger portion of the impoverished class to withdraw their hard-earned money whenever they want, as many times as they need during the paid month”.