There have been countless variables for how the “new normal” is impacting this subsector of FinTechs (https://global ntechseries.com/). Digital acceleration has taken place in telehealth, insurance claim scanning, contactless payments and now on-demand pay. Speci cally, on-demand pay ensures employees feel safe and empowered with these new digital experiences, including instant-pay apps on mobile devices.
Read More: GlobalFintechSeries Interview with Rob Rosenblatt, CEO at Behalf Inc. (https://global ntechseries.com/global ntechseries-interview-with-rob-rosenblatt-ceo-atbehalf-inc/) Why on-demand pay, though? The current bi-weekly payroll cycle has failed to timely and nancially cover employees’ necessary and unexpected emergency costs. COVID was an awakening for businesses to abandon the antiquated payroll process and migrate to a digital, contactless pay solution which provides employees access to their earned pay and eliminates the typical two-week wait time until payday. Speed and safety are
