Earned wage access (EWA) — also known as on-demand pay — gives employees access to their earned pay before payday.
EWA is a vital financial wellness tool that also allows employees to track, spend or save their pay as they earn it.
EWA has quickly proven to be a game-changer for employees as they look to build their financial wellness, allowing them to live their lives to the fullest.
EWA Helps Employees Pay for What Matters Most
EWA gives employees better control over their pay and helps them pay for everyday expenses. According to a Mercator Advisory Group survey, users turn to EWA for:1
- Food and groceries: 78%
- Utilities: 64%
- Transportation and car insurance: 54%
A Path to Financial Wellness With DailyPay
Financial wellness benefits give employees better access to their earnings and increase pay transparency, empowering them to make informed decisions.2
- 69% of DailyPay users say that DailyPay helps them be more diligent about their spending.
- 72% of DailyPay users say that DailyPay helps them feel more confident in managing their finances.
Learn more about the benefits of EWA for both employers and employees.