Earned wages access (EWA) financial technology (fintech) solutions are helping consumers make payments in real-time for services, such as electricity and telecommunications, while also providing employees with access to their wages to respond to persistent cost-of-living increases by enabling them to access a portion of their earned wages ahead of the payment date, says fintech company Paymenow. “With the rise of on-demand services, people expect to be able to access the goods and services they pay for immediately. However, with many employees still typically receiving their salaries monthly, this leads to a disconnect between how people spend their money and how they receive it,” says Paymenow CEO Deon Nobrega.
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