Earned wage access (EWA) has seen rising popularity in the past couple of years. These tools, which help businesses send their employees wages as they earn them, instead of on a bi-weekly basis, benefit both businesses and their employees. In today’s era of the Great Resignation, businesses across all sectors are struggling with employee retention. Read more...
wagely, an Indonesian financial wellness platform, announced that it has raised US$8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their
In Southeast Asia, Indonesia is fast becoming a fintech powerhouse as investors continue to pour money into young, innovative startups seeking to tap into the country’s massive population of underbanked.
Earned-wage access is now a reality, with U.S. Bank and PNC last month debuting real-time payroll solutions for business customers. On-demand payments availability presents an innovation opportunity for banks, Radha Suvarna, head of enterprise payments strategy and innovation at Citizens, said last week at the Bank Automation Summit in Charlotte, N.C. “We are still in […]