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Salary on-demand
Improve employee retention and employer branding
with the differentiated C&B initiative

Nano Technologies | www.vuiapp.vn | Privileged and Confidential

Overview
Vui is an on-demand payroll solution (EWA) empowering Employers to improve employee retention,
saving on turnover costs and delivering a differentiated Employer branding

Context Initiative
● Increasingly competitive labor market leads to high EWA: On-demand payroll. Differentiated approach.
recruitment costs and high attrition rates. Instead of raising
Simple deployment. Bottom-line impact.
wages, employers should develop differentiated and
cost-effective C&B policies ● Employees receive salary on-demand in 30 seconds, 24/7
● 55% of employees constantly facing cash crunch from ● Employees keep track of attendance, earned wages, and receive
mid-month, and under financial stress impacting quality of work company announcements in real time, and Financial Literacy training
● Leading global corporations, such as Walmart, have adopted ● Employers repay Vui the advanced amount on payday. No cash
EWA for their workforce, saving hundreds of millions of dollars in advance required for employers, no change in payroll process
HR costs due to reduced turnover and improve engagement at ● Simple and secure deployment in 1-week time. Vui is ISO 27001
work. Impact proven by research from Harvard, VISA, Ernst & certified in Information Security Management System
Young, and KPMG

About Vui Vui impact for employers and employees

● Vui is the flagship initiative from Nano Technologies - founded
by Dzung Dang (Uber Vietnam CEO, ZaloPay CEO, McKinsey, ● Proudly serves over 100,000 employees from top employers e.g.
Harvard) and Thang Nguyen (Focal Labs CTO) with deep Central Group, FPT Retail, GS25, Kangaroo, Truong Thanh Furniture
experiences building digital products with millions of users ● 63% employees signed up for Vui upon launch. An average employee
● Nano Technologies was the first company from Vietnam uses Vui 4 times/month, withdrawing VND 2m500k/time
● 60% reduction in attrition for employers who have
selected for YCombinator - Silicon Valley’s most prestigious ● 75% adopted
NPS fromVui.
employee’s
75% ofrating for thissupport
employees new HR this
initiative
new HR
program - and backed by top investors in SEA and the U.S. initiative
● 60% reduction in attrition among employees who use Vui
● Vui’s innovative solution has been covered by Bloomberg,
● 20,000+ hours saved for HR teams on salary advance requests
Techcrunch, VnExpress, VnEconomy, Dantri, VTV, CafeF
among others
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Emerging challenges for employers in the tight competitive labor market

▪ High and rising attrition rates 40-200%/year 25-75%/year

threaten organizational stability turnover rate in retail and service turnover rate in
and business continuity manufacturing

▪ The real cost of losing employees 2-3x ↑ 2-3x

is often underestimated months of salary to recruiting costs and lead time
replace an employee1 for the garment and textile
industry in recent years2

▪ A sizeable pool of employees

trapped in loan sharks, negatively
>10M employees
preyed by loan sharks every year
impacting employer branding and Recurring gangster collection practices, employees borrowing from
other adverse consequences each other, and other unethical conduct at work (e.g. stealing)

1 “The Power of the Salary Link”, Todd Baker and Snigdha Kumar, Harvard Kennedy School, May 2018; 2 Vneconomy; 3 Only include pawn shops, hui loans, black credit
including loanshark apps (excluding consumer finance such as FECredit, >15 million workers with this type of loan) 3
And the workforce requests for a culture of flexibility and enhanced benefits

▪ Due to undifferentiated benefits 2000d/hr 500k/month

among employers, employees often Salary difference threshold to Salary difference threshold to
change jobs if they get paid higher switch jobs in Retail & Service switch jobs in Manufacturing

▪ Employees always in a cash crunch 55% 10 days

situation, leading to financial stress, employees with recurring before the payday is the
low engagement at work and attrition financial problems1 most common and risky
window for employees
`

▪ Trend: Employees switch to seasonal,

> 1M > 80k
gig jobs to get paid daily with flexible employees working for Grab, employees shifted to gig jobs
Gojek, Be and similar flexible in Q1 2021 alone2
hours jobs

▪ Employees express needs for a more

frequent pay system >70% employees who are interested in flexible
payroll, especially for part-timers3

1 Ernst & Young Study 2020; 2 General Statistics Office on the impact of the Covid pandemic on the workforce; 3 Survey of Nano with employees of partner employers 4
Having paid workers bi-monthly since the 70s, leading corporations now
shift to the flexible pay system successfully...
Walmart has applied EWA as a new employee
Transport

benefit for their 1.4m+ workforce in the US

Walmart applied an EWA trial for

Dec
their employees through the
2017 A Harvard Kennedy School study
PayActiv app
conducted in 2018 demonstrated
F&B

early wage access (EWA) and

salary-linked loan solutions lead to
80,000 Walmart employees used, over 30 million 18-24% reduction in attrition and
Mar
millions of dollars saved1
Retail

2018 dollars of salary advanced through PayActiv

Hospitality

850,000 out of 1,4 million employees are

regular users. Having saved hundred millions
2019 Harvard Business Review assessed
of dollars with attrition rates reduced by 30%,
EWA as a cost-effective and humane
Walmart introduced EWA as an official
approach for employers to improve
employee benefit, sponsoring up to 8
Healthcare

advance request fees/year per employee employee retention, and help

employees stay out of debt traps

1 “The Power of the Salary Link, Todd Baker and Snigdha Kumar”, Harvard Kennedy School, May 2018
2 “Helping Low-Income Workers Stay Out of Debt”, Harvard Business Review Magazine, November 2020 5
 … and employees’ perception globally
grow in favor of employers who offer EWA first
VISA Insights 2019 Research1
Percentage of employees interested in Earned Wage Access (EWA)

95% 89% 79%

are interested in working would be willing to work a would be willing to

for an employer who longer period of time for an switch to an employer
provides EWA employer who offers EWA who offers EWA

6
1 Visa research uncovers the impact of Earned Wage Access on employee wellness, satisfaction, and productivity .https://usa.visa.com/run-your-business/visa-direct/workers/earned-wage-access.htm
 Vui App - the flexible payroll and benefit platform
Empower your staff to live the life they earn

EWA: Earned Wage Access

SMART Get earned salary in 30s. 24/7.

No hidden fee. No penalties. No waiting

SALARY
Shifts and earnings visibility
Track attendance and earnings in real-time
Incentivized attendance compliance

Easy monthly expenses

Buy phone cards and pay utility bills in one tap

Manual works
Smart financial tips
Risks Learn financial management tips day by
day through in-app blog

Change in payroll process Employer Connect

In-app company bulletin board that reach
every employee instantly and engagingly
Simple and secure deployment Lean automated operation
Simple salary advance flow
Giao diện quản trị

Admin tool for Employer

Supports HR in tracking timesheets, salary

advances, paying bonus and sending
notifications to employees in real time
No manual work
Seamless integration within 1 week with
any attendance and HRM softwares 20 minutes/month for HR and Accounting for reconciliation
ISO 27001 Information Security Standard No cash advance required for employers. No change in
AES256 data encryption accounting process. No financial risk.
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Boost your employee retention, save millions in turnover costs and build a
solid employer brand for the long game

↓25% 2x +20%
Reduced attrition rate Increase in job applications Engagement and productivity
Address employees’ most basic need through ● Attract new hires with the benefit of Relieved of financial stress with “early
a differentiated benefit that only your daily pay such as in gig jobs salary”, employees can increase focus at
company provide, lower employee’s ● Stand out vs. other employers with work and lower absenteeism rates
motivation to jump to competing jobs this practical benefit

Optimized HR operation Strengthened organization “Employer of choice"

● Digitize salary advance, attendance ● Stabilize organization with lower ● Employees value people-centric benefit,
tracking, advance reconciliation tasks turnover, and improved morale furnishing solid foundations for culture
● Save on hiring, on-boarding, training, and ● Incentivize SOP compliance for building
employee replacement costs manufacturing and customer service ● Engage market interest into employer’s
positions adoption of this humane benefit

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The fairer, more inclusive and resilient
workplace in times of changing

Salary at the speed of life Engaging workforce

● Get paid within 30s, 24/7 for daily ● No more financial stress that affects
and emergency needs from your staff morale, especially at the
100,000d end of the month
● 4 No’s: Not a loan. No interest. No ● Enhance employee satisfaction, no
penalty fee. No debt collection. more job-hopping for a small pay rise

No more debt trap A foundation for the future

● Be empowered with the full control of ● Implement effective financial
income education in the workplace
● Vui user receives on-demand salary ● Pioneer in HR management
4 times/month; or 6-8 times/month digitalization era and nurturing the
to regulate debt payments culture of empowerment & inclusion
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Vui impact Vui Partner Employers

Retail Service Manufacturing

proudly serves
100,000+ employees

63% 75% ↓60%

VUI usage1 VUI NPS2 attrition rates3

2,500,000đ 4
avg ticket size advances/mth/employee

0 employee
gets paid early and quit without notice

Save time and resources

for HR in salary advance administration

1 Percentage of employees registering for Vui upon implementation; 2 Answer to the question “Is on-demand pay a useful HR benefit for you?”;
3 Difference between Vui-users and non-Vui-users in the same period; sample size of 381 and 425 employees. Employers in the onboarding phase
 Case studies: Vui impact for avant-garde employers
Employees need salary advances towards the end of

Steadfast during
the year, and there is a recurring employee shortage
post-Tet. 55% 72%
Vui usage¹ Vui NPS2
Covid & post-Tet Partnering with Vui since October 2020, LanChi has
attrition
2000 employees
optimized salary advance process, effectively
retained employees, and improved engagement to ↓51%
29 branches deal with the Covid-19 pandemic. attrition rate3

The CVS industry competes for every 1000d/hr, to

attract young workforce with a daily cash flow need.
Attract young High attrition rate slows down expansion goals.
prospective
Vui became GS25’s official benefit, and was widely
73% 79%
1600 employees employees Vui usage¹ Vui NPS2
150 stores acclaimed by employees, especially by those on
probation waiting to use Vui.

Employees under financial stress will less likely to

Improve employee deliver best experiences for high-end customers. 67% 71%
morale, increase Annam adopted Vui, helping employees gain more Vui usage¹ Vui NPS2
service quality control of their income, avoid debt traps, and feel
700 employees
19 stores
relieved of financial stress to focus on service quality. ↓63%
attrition rate3
121 Percentage of employees registering for Vui upon implementation; 2 Answer to the question “Is on-demand pay a useful HR benefit for you?”; 12
3 Difference between Vui-users and non-Vui-users in the same period; sample size of 381 and 425 employees.
As an win-win solution for both employers and employees, Vui is getting
media interest
“Vui is an HR initiative “In Central Retail Vietnam, “Thinking of Vui
that keeps employee we commits to country's encourages me to go to
morale during Covid-19, prosperity and people’s work hard everyday.
and reduce attrition rates life quality. I'm confident Thanks HR team for
post-Tet. Vui saves HR that Vui will make our such a great benefit.”
resources in processing employees' lives easier, and
Ms Chi Phan Mr Stephane Pariente, we can retain and attract Ms Ha Tran,
salary advance, too.”
COO LanChi Mart CEO of Supermarket, Employee of Annam
talents to our organization.”
Central Retail Vietnam

The app, the first of its kind in The EWA model become common EWA reduces the financial stress, EWA keeps millions of employees
Vietnam and dubbed VUI, soon in the competitive labor then increase employees' of debt and has been proven as the
aims to help companies market, and the earliest adopters productivity and engagement with effective welfare in Covid-19
increase employee retention will gain most benefits. the company. pandemic. This model will soon
become a standard in Vietnam.
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Custom trial. Opt out anytime.
Vui goes with you and your people on every step of the journey

Custom trial Technical and Impact assessment On-going support

Opt-out anytime communication support

We design the custom trial Support employer's IT team Vui App’s report updates Vui resolves employee
based on your need end-to-end throughout the adoption rates, employee questions and requests
Employers can opt out anytime implementation process reception, NPS & long-term on behalf HR via 24/7
if impacts not delivered Support media expenses and impact to retention and hotline, Zalo, and in-app
internal communication to engagement rates support
launch Vui as the new benefit
program

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Experienced and committed team with trusted partners and top investors
from the U.S. and South East Asia
Founding and Leadership Team Investors

Dzung Dang Thang Nguyen

Co-founder & CEO Co-founder & CTO

GM Uber Vietnam, CEO CTO Focal Labs

ZaloPay, McKinsey Hanoi University of
Harvard MBA Science & Technology

Associations and partners

Y Pham Son Mai Van Doan

Chief Growth Officer Chief Product Officer CPO cum Director of Operations
Country Director at Solution Architecture Director at Head of HR at Nam Minh
Appier - Fortune top 50 Five9vn, NAPAS, Techcombank, Group, Power Group,
AI companies Hanoi University of Science & VCCorp, PVGas
SHRM-CP
Technology, Ulsan University
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Reinventing organization resilience

Nano Technologies
Hanoi: 6th Floor, Block D, La Thanh Guest House, 226 Van Phuc, Ba Dinh District
HCMC: 5th floor, Van Gia Phat Building, 400/6 Ung Van Khiem, Binh Thanh District
Hotline: 1900 866 625
Email: [email protected]
www.vuiapp.vn