CU Introduces Staff Salary Advance Service

Monthly Withdrawal Limit of 150,000 KRW

CU introduces an advance payment service for staff salaries.
[Photo by BGF Retail]

CU announced on the 20th that it will introduce an advance salary payment service for staff in partnership with fintech startup Paywatch.

The advance salary payment service allows staff to receive a portion of their salary in advance when they need funds before the designated payday. The service can be accessed through the Paywatch application (app), which shares the same name as the operator.

Paywatch can be used with just a QR code for worker verification and proof of salary account. Once CU staff status is verified, 150,000 mileage points are generated in the worker’s secure account, with 10,000 mileage points equivalent to 10,000 KRW.

To promote sound financial management, CU has set the basic monthly withdrawal limit at 150,000 KRW. Withdrawal limits will be expanded and adjusted according to monthly salary brackets in the future. The advance salary payment service will be introduced at stores in the metropolitan area by the end of April this year, with plans to gradually expand to other regions thereafter.

A BGF Retail official said, “This service was introduced to conveniently address the demand from staff who want to receive part of their salary in advance for various reasons through a non-face-to-face process. As our valued family, we will continue to implement various systems to enhance staff job satisfaction.”

This content was produced with the assistance of AI translation services.