23rd July 2026 - 3 min read
Pay Day Now, the new service that lets workers withdraw part of their salary before payday, is a private sector product and not a government programme. The Ministry of Entrepreneur Development and Cooperatives (Kuskop) issued a statement clarifying that the platform was developed entirely by Ramssol Group in collaboration with AmBank, and that it is voluntary for both employers and employees.
The clarification came a day after the platform’s launch. The ministry said the facility does not involve all employers or employees in Malaysia, and anyone with questions about eligibility or participation should contact Ramssol Group or AmBank directly.
Pay Day Now is a salary advance service. If your employer signs up and you meet the eligibility criteria set by the provider, you can withdraw up to 25% of your salary each week before your official payday, and the amount is deducted from your salary when it arrives.
This is not a loan from a third party. You are taking your own money earlier than usual, so there is no interest accruing and no separate repayment to make. Withdrawals are made through a mobile app once your employer’s payroll is connected to the platform, and each withdrawal may carry a flat processing fee rather than interest.
Every withdrawal reduces the amount you receive on payday. If you withdraw the maximum 25% each week, you could receive well under half of your usual salary at the end of the month, when rent and loan repayments are due.
A smaller payday can also leave you short the following month, which may push you to withdraw early again. On top of that, any processing fee is charged per withdrawal, so weekly withdrawals cost more in fees than a single one. Use the advance for a genuine one-off expense, such as a car repair or medical bill, rather than for regular monthly spending.
You can only use Pay Day Now if your employer signs up. If yours has, read the terms before your first withdrawal. Under the platform’s terms of use, you authorise your employer to deduct any advance you take from your monthly salary, and a processing fee may apply to each withdrawal, though promotional campaigns may waive this from time to time. Check the fee in the app before withdrawing, because a flat fee costs you proportionally more on a small withdrawal.
Before your first withdrawal, work out whether your remaining payday amount still covers your commitments for the month. If it does not, delay the withdrawal or take a smaller amount, or you will start next month short.
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As a creative content writer, Eloise has covered finance, business, lifestyle topics, and even moonlights as a singer-songwriter outside of RinggitPlus. Her current interests are learning the best ways to optimise spending and credit card hacks to gain more airline miles.
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