DailyPay, a United States-based worktech company and leading provider of earned wage access is expanding globally.
Beginning this fall, DailyPay, an award-winning provider of EWA services, will have an EWA offering available in the United Kingdom, marking the company's first foray outside the US.
At launch, the program will be offered to DailyPay clients with operations in the UK.
"Expanding internationally aligns with our goal to bring earned wage access to everyone, everywhere," said Josh Durodola, Vice President of International at DailyPay. "Many of our clients and partners are multinational, and they have increasingly expressed the need to offer this valuable benefit to their employees beyond the US. We are thrilled to bring this financial wellness tool to UK workers, empowering them to take control of their earned pay and improve their financial well-being."
READ MORE: DailyPay investing £24 million in Northern Ireland creating 293 jobs
The news follows a £24m investment by DailyPay for Northern Ireland after Invest NI’s US team promoted the benefits of establishing an office in Northern Ireland and worked closely with the company to help it set up here. DailyPay’s office in Belfast officially opened its doors in 2023.
Making a difference
According to research from the UK's Money and Pensions Service more than 16 million UK workers have missed payments on key household bills in 2023. DailyPay has been proven to help. A survey of DailyPay users in the US showed that about 7 in 10 (69 per cent) who previously paid late fees do this less often or stopped completely since they started using the service.
Moreover, data from The Great British Financial Literacy Test finds that 88 per cent of UK workers don't feel confident with their finances and 32 per cent say their finances have affected their mental health. By leveraging DailyPay, users can access their earned pay between paydays, offering much-needed financial flexibility in the UK where paychecks are often issued monthly.
DailyPay currently partners with leading employers across various industries, including Fortune 500 companies and small businesses. Employers who offer DailyPay see positive impacts on hiring and retention. Users are empowered to take control of their earned pay, enabling them to pay bills on time while avoiding expensive fees associated with overdraft, high-interest credit products, or payday loans.
About DailyPay
DailyPay, Inc. is transforming the way people get paid. As a worktech company and the industry's leading earned wage access solution, DailyPay uses an award-winning technology platform to help America's top employers build stronger relationships with their employees.
This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job while supporting their financial well-being outside of the workplace.
To find out more information about DailyPay including new job opportunities, visit: Sync NI - Company - DailyPay
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