Wagely: Revolutionizing FinTech in Indonesia Through Empowering the Unbanked
In 2022, Walmart acquired earned wage access provider Even to offer early pay access to its employees.
Other big U.S. companies, including Amazon, McDonald’s and Uber, also offer employees early wage access programs.
Like other earned wage access providers, Wagely charges a nominal flat membership fee to employees withdrawing their salaries early.
“This is something that no other competitor is even close to because other earned wage access companies are focusing on different things,” he said.
One of the areas where global earned wage access providers have shifted their focus nowadays is lending — in some cases, to lend money to employers.
