Paywatch, CPAVI Partnership Introduces Earned Wage Access as Employee Benefit

CPAVI has introduced EWA, an interest-free alternative to traditional loans, as a benefit for its employees.

Century Pacific Agricultural Ventures Inc. (CPAVI), a subsidiary of Century Pacific Food Inc., has announced its partnership with Paywatch to introduce Earned Wage Access (EWA) as an employee benefit.

A leading exporter of coconut-based products and a key manufacturing partner of global brands like Vita Coco, CPAVI is committed to supporting financial wellness across its workforce through its introduction of EWA. It is dedicated to cultivating a workplace that prioritizes employee growth and well-being.

“We chose to partner with Paywatch because it offers a far better option than taking out short-term loans with interest,” said CPAVI Vice President and General Manager Noel Tempongko, Jr. “It lets our employees access a portion of their already-earned salary before payday.”

“It empowers our team with financial flexibility and autonomy, with only a flat nominal fee per transaction, without the burden of added fees or long-term obligations,” Tempongko added. “It’s a tool that helps our employees manage urgent needs—on their own terms.”

CPAVI - EWA — *Paywatch organized an orientation for CPAVI employees to educate them about EWA*

What is EWA?

Due to steep interest rates and long repayment timelines, traditional loans may not always be the most viable financing option. Paywatch’s EWA is an interest-free alternative that offers automatic settlement every pay cycle. Moreover, it resets regularly to ensure sustainable access and protect employees from falling into debt traps.

A recent independent study conducted by 60 Decibels, with support from the UN International Labour Organization (ILO), reveals that 80% of users reported an improved quality of life as a result of using EWA. Fifty-seven percent of respondents reported reduced financial stress, while 76% said they were better able to manage their finances. These figures underscore the tangible impact of EWA on employees’ financial well-being.

*CPAVI employees at the EWA orientation organized by Paywatch*

EWA as a Practical Solution for Everyday Needs

Another survey involving 6,000 Paywatch users shows that EWA has been useful in addressing their everyday needs, including food, transport, and utilities. This highlights the value of EWA as a practical solution for managing short-term liquidity needs.

“Our mission is to provide fair financial access and decrease household debt by preventing unnecessary borrowing,” said Paywatch Philippines Country Manager Rowell del Fierro.

“We are committed to helping employees build long-term financial wellness through a practical, tech-enabled solution that enhances financial confidence and supports lasting workforce engagement,” del Fierro added.