Priya PatelTLDR:
Wagestream, an Earned Wage Access Fintech, has joined the American Fintech Council, offering financial benefits such as interactive paychecks, savings tools, and flexible pay options. Earned wage access is a payroll innovation that allows workers to choose when they get paid, with many finding financial stability and improved well-being through this system.
The American Fintech Council (AFC) welcomed Wagestream as its newest member. Wagestream offers a range of financial benefits, including interactive paychecks, savings tools, money coaching, and flexible pay or earned wage access. The majority of workers using it report feeling more in control of their money, leading to happier, healthier, and more productive workforces. AFC CEO Phil Goldfeder praised Wagestream for its social impact and financial wellbeing approach, highlighting their efforts in setting standards in the UK market. The AFC believes that earned wage access providers are democratizing financial services and disrupting traditional systems. The AFC and its members advocate for best practices and consumer protections in the earned wage access industry. Earned wage access is a payroll innovation that allows workers to choose when they get paid, with many frontline workers preferring this option for financial stability and well-being.
