Jakarta, August 1, 2024 – In today’s job market, Indonesia’s workforce is grappling with a severe financial strain, casting a long shadow over the nation’s economic landscape. This financial distress among employees is a major challenge for business owners striving to attract and retain top talents within the company. Personal financial pressures are often manifest in absenteeism, diminished productivity, and increased turnover, collectively impeding organisational growth and profitability.
However, a revolutionary solution has emerged to address this pressing issue. PT Cipta Multi Danarta introduces Setlary, Indonesia’s first free earned wage access (EWA) platform in Indonesia, poised to be a game-changer and transform the financial landscape.”
By offering solutions to companies who are seeking providers to solve the cash flow issues while gaining financial benefits at the same time Making Setlary a perfect fit that delivers critical access to safe and flexible financial services to both employers and employees.
Ang Gee Guan, CEO of Setlary, stated, “Setlary was born out of our deep concern for the financial burdens plaguing many Indonesian employees. The economic fallout from COVID-19, coupled with rising inflation and high living costs, has pushed many individuals into a vicious cycle of high-interest debt that is difficult to break”.
In addition, Setlary aims to enhance financial well-being and workplace productivity by providing employees with a fee-free instant access to a portion of their earned wage. Empowering them to manage unexpected expenses immediately, this innovative approach to financial flexibility helps employees to avoid financial stress and distraction of financial instability. In turn, this is beneficial to cultivate a workplace with more focused, productive and satisfied employees.
“We believe that a company’s success is intrinsically linked to the well-being of its employees. When employees feel financially secure, they are more motivated and engaged in giving their best contribution at work. Setlary is the realisation of our commitment to aid companies in establishing a mutual and sustainable relation with their employees.” said Ang Gee Guan, Chief Executive Officer of Setlary.
Setlary is more than just a financial solution, it is a catalyst for positive change in the workplace. With over 15,000 employees across various industries already signed up, Setlary is poised to redefine the financial landscape. It represents a fundamental transformation in corporate payroll management through a user-friendly secured platform that integrates with existing payroll systems easily. Offering companies financial advantages through “Rebates Program”, by providing up to a 5% discount for employers who make timely payments. Every disbursement of early wages are directly disbursed from Setlary and directly to the employee’s bank account.
About Setlary
Setlary is an innovative financial solution designed to enhance employee well-being and drive business success. With our flagship feature, Earned Wage Access (EWA), employees can access their wages earlier. “Early Salary with Rebates” program offers exclusive discounts to companies for timely payments.
Supported by PT Cipta Multi Danarta and officially registered as an Electronic System Provider (PSE) No. 014602.01/DJAI.PSE/07/2024. Setlary is a secure and reliable platform.
