Paynom

Paynom is a Mexican fintech company based in San Pedro Garza García, Nuevo León, that operates as a comprehensive workplace well-being platform focused on financial inclusion for employees. Founded in 2015, the company initially launched as a salary-on-demand platform and evolved in 2023 into a broader employee wellness solution. Paynom's core offering allows employees to access their earned wages before payday through payroll advances, addressing the financial challenges faced by workers who experience cash flow issues between pay periods. The platform provides three flexible options for payroll advances, including daily advances, percentage-based salary advances, and solutions tailored for remote workers. Beyond salary advances, Paynom offers an integrated suite of financial services including money transfers, bill payment for utilities and telecommunications, insurance products, voluntary pension savings, and QR code payments accepted at over 30,000 establishments. The company also provides digital solutions for regulatory compliance, particularly helping employers meet NOM-037 requirements for remote work arrangements through its Trabajo Flexible product, which facilitates monthly payments to employees for home office expenses such as internet, electricity, and telecommunications. Paynom serves businesses of all sizes at no cost to employers, delivering services through both web and mobile applications. The platform targets Mexico's formal workforce of over 20 million employees across various sectors. The company reports significant impact metrics, including a 22% increase in monthly work hours among users and up to 16% reduction in employee turnover within the first year of implementation. Paynom was recognized as a finalist in the Visa Everywhere Initiative 2022 and has introduced a credit card product for registered users. The company holds copyright protection in Mexico for its Salary on Demand and financial health concepts, positioning itself as a pioneer in the payroll advance and employee financial wellness space in Latin America.