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Description
MyPayNow is a cutting-edge financial technology firm transforming the conventional payroll system by granting employees immediate access to their earned income. Through its intuitive mobile app, users can withdraw up to 25% of their earnings in advance, capped at a maximum of $2,000 for each pay period. The procedure is simple: users register by entering their employment and salary information, and once approved, they can request the amount they need. Funds are swiftly transferred to the user's bank account in as little as 60 seconds, available 24/7, thanks to the New Payments Platform (NPP) technology. Repayment is conveniently managed through automatic deductions from the subsequent paycheck, with flexible repayment terms extending up to 62 days. Notably, MyPayNow functions independently of employers, requiring no input from them, and does not perform credit checks, which means users' credit ratings remain intact. Moreover, the platform leverages sophisticated artificial intelligence to analyze users' financial habits, further enhancing its service offerings. This innovative approach not only improves financial accessibility for employees but also promotes better financial management practices.
Description
Payslice serves as a financial wellness platform that enables employees to access their earned wages instantly, bridging the gap between the work they have completed and the pay they receive. With the innovative "Instapay" feature, users can securely link their bank accounts and grant permission for early access to their wages; they can then withdraw a portion of their forthcoming paycheck directly to their bank accounts or debit cards, often in a matter of minutes. The platform prides itself on having no hidden fees or interest charges, opting instead for clear and straightforward transfers. Behind the scenes, Payslice assesses income and historical pay cycles, rather than relying on credit scores, allowing even those without traditional credit histories to benefit from its services. Additionally, Payslice functions as a payroll financing and benefits management tool for employers, enabling companies to provide their employees, particularly hourly and frontline workers, with more flexible payment options. This dual functionality not only enhances employee satisfaction but also supports businesses in managing their payroll processes more efficiently.
API Access
Has API
API Access
Has API
Integrations
Plaid
Pricing Details
Free
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
MyPayNow
Founded
2019
Country
Australia
Website
mypaynow.com.au
Vendor Details
Company Name
Payslice
Country
Nigeria
Website
payslice.com