Paydex

Paydex is a secured web-based platform for credit referencing and payroll deductions. In-built complex algorithms to determine eligibility and assurance of source deductions mitigates risk for credit providers. Employees can now benefit from the increased availability of credit facilities

EMPLOYER ROLE:

Employers perform payroll activities, provide and verify employee information.

EMPLOYER BENEFITS:

• Reduced pressure from staff loans
• Employee satisfaction from access to credit
• Free productivity tools for payroll management and HR Management
• Credit history of new hires
• Improved work performance and retention from satisfied staff

EMPLOYEE ROLE:

Pre-Qualified Employees can apply for products and repay through source deductions.

EMPLOYEE BENEFITS:

• Access to wide variety of credit products,
• Better terms because of competition among TPIs.
• Protection of provident fund in the event of job transition.
• Employee self service portal.
• No Fees.

THIRD PARTY INSTITUTION ROLE:

Third Party Institutions TPI (s)Offer Products and Evaluate Applications for Products

TPI BENEFITS:

• Risk Mitigation Tool
• Source Deduction
• Deductions follow employees who change jobs
• Priority Deductions
• Wide Pool of prequalified clients