China Banking Corp. (Chinabank) announced that it has partnered with financial technology company Paywatch to launch Earned Wage Access Plus (EWAP), a digital solution allowing employees to withdraw a portion of their earned salaries before their scheduled payday. Platform Mechanics The service enables eligible employees of Chinabank’s payroll partner companies to make multiple salary withdrawals within a payroll period through a mobile app. According to a statement from the lender, the accessed funds are instantly credited to the user’s Chinabank payroll account. The companies stated that EWAP functions as a non-credit product rather than a traditional loan. Consequently, the platform …