Earned Wage Access (EWA) continues its rapid growth and plays a critical role in workers’ abilities to pay bills on time, save for the future, and live better financial lives.
According to a study conducted by The Aite Novarica Group:
✓ More than 95% of employees who were previously reliant on payday loans to pay their bills stopped using the category after utilizing EWA
✓ Over 88% of employees had less trouble with bills and loan payments after using EWA
As a result of this and other positive EWA data, both Nevada’s (SB290) and Missouri’s (SB103) EWA Access Laws have set new gold standards for EWA providers. These new laws also state that EWA products are not loans or money transmissions, thus enabling this innovative industry to continue to thrive along with the millions of employees that now depend on EWA
Rellevate: The Gold Standard for On-Demand Pay
Rellevate is one of the most trusted and rapidly growing Fintech companies in the payments industry ($1 billion in volume and 3 million accounts in the last 12 months)
Rellevate’s PayCard featuring Pay Any-Day is a simple turn-key solution specifically designed with:
✓ Up to 100% Enrollment of your employee base (16 years and older)
✓ Immediate Activation on day one of employment; no credit checks
✓ Seamless Integration Process with superior data & proprietary algorithms
✓ Embedded Digital Pay Any-Day with employee retention and recruitment tools
✓ Zero Cost: free implementation and onboarding
