Payfare: Announces Intention to Expand into Earned Wage Access Market

Payfare: Announces Intention to Expand into Earned Wage Access Market

• Payfare, a fintech powering instant payout and digital banking solutions for the gig workforce
• It plans to use its technology-forward card issuance and digital wallet platform to provide employees 
• The TAM in the US for EWA is significant, with over 131 million people earning less than $75K annually and 78 million hourly wage workers
• It believes that providing access to wages already earned can assist workers in personal budget shortfalls
• Employers offering EWA programs can benefit from increased worker retention and satisfaction
• With over 1 million active users and experience in partnering with the largest global gig platforms