Apps that enable workers to get into their income before payday are attracting high-profile investors and registering major companies. But does offering a lifeline that is financial employees assist or hinder their financial problems? Jo Faragher reports.
вЂњIt is not a loan, it is cash youвЂ™ve currently gained. While not having to ask because of it provides workers a feeling of autonomy,вЂќ explains Claire Anderson, mind of men and women at Camden Town Brewery. Last September, the organization applied an item of technology called Wagestream, that allows workers to gain access to as much as 30percent of this cash theyвЂ™ve currently received before payday, for a cost of ВЈ1.75.