May 1, 2023
Salary Linked Loans becomes Easy, Secure and in minutes
Salary Linked Loans becomes Easy, Secure and in minutes
Earned Wage Access (EWA) is a financial technology service that allows employees to access their earned wages ahead of their regular payday. This means that instead of having to wait for their paycheck to arrive, employees can access their earned wages instantly, often through a mobile app.
EWA services are becoming increasingly popular as a way to help employees manage unexpected expenses or avoid costly payday loans, thus providing them with greater financial flexibility and stability.
“Enhance the financial well-being of your customers' employees and foster a stronger relationship with their workforce by taking advantage of this unique opportunity.“
Did you know?
77% of Indian employees have a favourable perception of earned wage access (EWA), and 59% view it as a crucial factor in their decision-making for future employment opportunities.
This emphasises the potential of Early Wage Access (EWA) to reduce financial stress, especially for low-income households facing difficulty in managing financial responsibilities.
A study found that over 80% of the surveyed white-collar workforce depletes their salaries before the end of the month, with more than a third of them running out of funds by mid-month.
Pramey Jain
CEO & Founder