Our mission
Too many South African workers are caught in a cycle of high-cost short-term debt simply because they cannot wait until payday. Payday Parachute partners with employers to break that cycle. We provide regulated, payroll-integrated loans and earned wage access at fair rates — with zero risk to the employer's balance sheet.
What we do
- Earned Wage Access (EWA): employees draw a portion of wages already earned, repaid by automatic payroll deduction on their next payday.
- Salary-backed loans: longer-term, NCA-compliant credit assessed against verified payroll data.
- Employer integrations: direct connections to PaySpace, Netcash, and Xero so payroll, collections, and accounting stay in sync.
Regulation & compliance
Payday Parachute (Pty) Ltd is a registered credit provider with the National Credit Regulator (NCRCP23524). We comply with the National Credit Act, FICA, POPIA, and the DebiCheck rules issued by PASA.
Contact our team or email hello@paydayparachute.co.za to learn more.