The need for speed. It’s everywhere these days. From 5G cell phones to high-speed internet, from nano-second stock trading to instant Venmo payments to friends and more. The “want-it-now” culture is in the driver’s seat and has no intention of hitting the brakes anytime soon,...
For workers living paycheck to paycheck even before COVID-19, having their hours cut back due to the pandemic can stretch already tenuous financial situations to the breaking point. Cash-strapped employees struggling to make ends meet need fast access now more than ever to the money...
According to PYMNTS’ pandemic research, over 41 percent of workers in lower-income positions are earning even less since COVID-19 descended. That’s not unexpected, all things considered – just another eye-popping statistic from the next normal. What’s surprising is how conspicuously antiquated “payday” suddenly seems in...
A FinTech payday startup called Hastee has received a $270 million investment from Umbra Capital Partners, with participation from IDC Ventures and others, according to reports. Hastee allows workers to get 50 percent of their paychecks up front via the Hastee app. The company funds...
November 09, 2018
While living paycheck to paycheck is often associated with low-salary or part-time workers, the data tells a different story. As it turns out, the white-knuckled wait for payday is something that affects consumers up and down the economic ladder, something a glance at the PYMNTS Financial Invisibles Report quickly confirms. There’s a fairly large swath of college-educated consumers earning […]
March 29, 2023
African neobank Payday is looking to new markets after raising $3 million. The funding, announced Wednesday (March 29), will help the company secure operational licensing in the U.K. and Canada — the company has offices in Rwanda and Vancouver – while also expanding its operations in Great Britain, where Payday was recently incorporated. “Funding will […]
September 02, 2019
Regulators are taking a closer look at financial apps that allow workers to access their pay early. The apps claim they are more affordable — and safer — alternatives for...
January 10, 2018
Stripe has announced an addition to its Stripe Atlas toolkit that will help founders file their corporate tax returns in minutes. This new tool can be especially important for resource-strapped...
December 14, 2017
In an attempt to ease some of its employees’ financial worries, Walmart announced it is providing a service that will allow them to receive wages before their next payday. According...
