In the Nick of Time: The Rise of Earned Wage Access

Abstract: Fintech programs that provide employees access to earned wages ahead of payday have gained popularity during the COVID-19 pandemic. Although consumers benefit from greater financial flexibility, such programs may involve risks.

Keywords: Wages; Payments; Earned Wage Access (EWA); COVID-19; Fintech;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2020-09-23

Pages: 5