Transportation | Drivers get a boost with the partnership between OWTO and Advance
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."
About OWTO
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.
About Advance
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.