PayEasy

PayEasy is a Fintech driven solution for the Eswatini payment space to enhance loan servicing and repayment collection for all service providers. With this solution, an employer withholds money from employees’ paycheck for the purpose of repaying loans directly to service providers on their behalf - source deduction. 

How our product works:

1. An employee from company X takes a loan from a service provider.

2. Companies and service providers are listed on PayEasy.

3. The service provider raises a debit request to company X using PayEasy.

4. The employer logs into PayEasy system to accept the debit request.

5. Employer then responds with a payment of the debit request.

6. Loan installments are deducted from source - from company X before salaries.

7. Digimage BO team publishes all transactions and all installments are deposited into relevant beneficiaries’ account in lump sums.

8. Reports - All parties involved have access to reports from PayEasy regarding deductions and loan repayments made.