OWTO drivers no longer have to wait to receive their earnings, thanks to a partnership between the TNVS platform and Advance.
The deal comes after a successful four-month pilot with Advance, who issued on-demand earnings services to OWTO's shuttle drivers while servicing a BPO giant,
OWTO drivers typically have to wait up to 45 days for their compensation to be released by the partner BPO, but many of them need to get paid on the day of service. This is what makes the partnership with Advance so ideal.
Each time a driver completes a trip for OWTO's partners, their earnings will be registered in OWTO's app and made available to withdraw anytime. This flexible payment scheme aims to help cover the drivers' needs between paychecks, which typically come every 30th of the month.
"OWTO's partnership with Advance is a formidable alliance that positions both companies to dominate their respective markets. We are very excited to work with Advance in creating opportunities, surpassing key targets & achieving common goals in service of a wider consumer base," said OWTO CEO Joel Gayod. "With OWTO's proven market resilience and Advance's core capabilities, there is no way but up."
On-demand earnings services will be extended to even more drivers under OWTO's shuttle service operations as they expand their footprint to other companies. This is a huge win for the thousands of drivers who now have the flexibility to access their earnings as needed.
"These drivers are part of our front liners in today's reality," said Addi Guevara, Advance Co-founder. "They make it possible for others to continue making a living during these uncertain times. Through Advance's salary on-demand service, we hope to make life a little easier for them as well."
OWTO is owned and operated by iPARA Technologies and Solutions, Inc., a Philippine-based company specializing in transport innovations. It promises a fairer and safer experience for both drivers and riders.
Advance believes that life shouldn't revolve around payday. As the first and only on-demand wage access provider in the Philippines, they provide flexible financial services to Filipino workers through their employers and partners.
Advance aims to simplify finance to elevate lives, empowering Filipino workers to take control of their finances and establishing partner companies as advocates of worker wellbeing.