ProductsJem Savings
A payroll-deducted savings account, opened through WhatsApp
Employees choose an amount to come off their salary and earn interest in the Allan Gray Money Market Fund. A saving habit that doesn't depend on willpower.
Employees choose an amount to come off their salary and earn interest in the Allan Gray Money Market Fund. A saving habit that doesn't depend on willpower.
Trusted by 200+ employers and 250,000+ deskless workers across Africa
Most frontline workers aren't careless with money. They often don't earn enough to save and survive every month after expenses. Saving through payroll deduction helps. The saving happens automatically before anything gets spent, helping your employees build a buffer.
Savings are invested in the Allan Gray Money Market Fund through Franc, a licensed financial services provider. Every employee completes a KYC check before they can withdraw.
Employees commit an amount, up to 10% of their salary, deducted from payroll each month. They can adjust or cancel at any time.
Savings are invested in the Allan Gray Money Market Fund and earn around 7% interest annually.
Employees can withdraw at any time for a R10 fee. The money reflects in their bank account within five business days.
The savings product is run by our licensed partner. Nothing sits on your balance sheet and nothing new lands on your risk register.
A workforce with a buffer weathers mid-month emergencies without loan sharks or desperate calls to managers or supervisors.
People stay, because they're building something. Offering a real savings vehicle says more than a poster about financial wellness ever will.
Deductions run through your existing payroll as one extra field. Employees manage their side through the Jem WhatsApp chatbot.
Nothing. Jem Savings is part of the Comprehensive Plan at zero cost to you.
Almost. There's no Jem fee, but employees pay a small annual partner fee of 0.725% plus VAT on their savings, and R10 per withdrawal. We'd rather say that plainly than call it free.
Funds are invested in the Allan Gray Money Market Fund through Franc, a licensed financial services provider. Jem is not a bank and doesn't hold employee savings.
Import one extra deduction field each cycle. Jem sends the deduction sheet; your team imports it alongside the normal run.
The savings account is linked to an employee's employment. Once an employee leaves their employer and is no longer with Jem, the monthly deposits will stop and the funds are paid out to the employee's bank account.
Book a demo and we'll show you how it works, end to end.
