Century Pacific Agricultural Ventures Inc. (CPAVI), a subsidiary of Century Pacific Food Inc., one of the leading food companies in the Philippines, has partnered with Paywatch to introduce Earned Wage Access (EWA) as an employee benefit, effectively supporting financial wellness across its workforce and reinforcing its commitment to sustainable business practices.
As a leading exporter of coconut-based products and a key manufacturing partner of global brands like Vita Coco, CPAVI is committed not only to quality and sustainability but also to cultivating a workplace that prioritizes employee growth and well-being. The company’s decision to offer Paywatch’s EWA solution underscores this commitment, providing a smart, responsible financial tool that complements the evolving needs of its workforce.
A Progressive Alternative to Loans
“We chose to partner with Paywatch because it offers a far better option than taking out short-term loans with interest. 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. It’s a tool that helps our employees manage urgent needs—on their own terms,” said Noel Tempongko Jr, vice president and general manager at Century Pacific Agricultural Ventures.
Traditional loans can become unmanageable, especially when they involve high interest rates and long repayment periods. In contrast, Paywatch’s EWA offers a smarter, interest-free alternative. With automatic settlement every pay cycle, EWA resets regularly, keeping access sustainable and helping employees avoid debt traps from unnecessarily taking on loans.
Through this partnership, CPAVI joins a growing number of companies in the Philippines adopting Earned Wage Access (EWA) as a progressive employee benefit. EWA empowers employees by promoting self-reliance, financial dignity, and better decision-making, while also boosting workplace satisfaction, retention, and engagement.
A recent independent study supported by the UN International Labour Organization (ILO) and conducted by 60 Decibels found that 80% of users reported an improved quality of life, 57% felt less financial stress, and 76% were better able to manage their finances, highlighting the real, measurable impact of EWA on employee financial well-being.
Supporting Smart Financial Habits Through Technology
Paywatch strives to actively shape positive financial behavior. Insights from a recent survey of over 6,000 Paywatch users show that they use EWA for everyday essentials like food, transport, and utilities, highlighting its value 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. We are committed to helping employees build long-term financial wellness through practical, tech-enabled solution that enhances financial confidence and supports lasting workforce engagement,” added Rowell del Fierro, country manager, Paywatch Philippines.