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Dayforce selects Green Dot as BaaS partner for on-demand pay solution | Fintech InShorts: Latest fintech news, analysis by experts

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Dayforce selects Green Dot as BaaS partner for on-demand pay solution

By Laura M

February 29, 2024

Dayforce, the Canadian payroll software firm, has chosen Green Dot, a US-based digital bank and fintech, as its Banking-as-a-Service (BaaS) partner for its new on-demand pay offering.
Through this partnership, Dayforce will leverage Green Dot’s BaaS platform and embedded finance solutions for its Dayforce Wallet offering, which allows companies to pay their employees as they earn.
The prepaid Mastercard, issued by the Central Bank of Kansas City, will be managed through the Dayforce app.
Green Dot will handle all banking services for Dayforce Wallet customers in the US.
According to Dayforce’s fourth-quarter results, it currently has 1,150 active users for the offering.

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