Briefing
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