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Companies Leveraging DailyPay are Better Suited to Tackle Labor Challenges, According to New Mercator Advisory Group Research
As America Reopens, New Mercator Study Reveals that DailyPay Clients See Bottom-Line Improvements in Employee Productivity and Engagement, Fueling Economic Recovery
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NEW YORK, April 21, 2021 /PRNewswire/ As American businesses reopen, forward-thinking companies are leveraging DailyPay, the leader in on-demand pay, to gain an advantage over their competitors and maintain successful operations. This news comes out of a recent study of over one million employees across 10 industries that play a key role in America s economic comeback.
The U.S. Population of Unbanked Individuals is Shrinking
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Mercator Advisory Group releases new research looking at the business of banking the unbanked and the role of fintech to diminish their ranks.
One of the exhibits included in this research report.
The wave of neobanks and challenger banks that has emerged in the last several years is playing an outsized role in helping to bank the currently unbanked. BOSTON (PRWEB) April 20, 2021 The efforts of fintechs and, to a lesser degree, traditional financial institutions to provide robust banking solutions to the unbanked population through prepaid cards are helping individuals to safely store funds, receive deposits quickly, purchase goods, pay bills and get cash at reasonable costs while reducing the overall population of unbanked individuals, as explored in new research from Mercator Advisory group; The U.S. Unbanked Issue is Improving; Are You Pa
Dwolla just got faster.
The Des Moines-based financial technology company announced Tuesday that it now offers a service known as Real-Time Payments, allowing clients to send money to customers and vendors within seconds. Experts say the company s latest tool could help it lure new clients who don t want to wait days for banks and regulators to move their money along. Dwolla is positioned to lead into the next wave of payments, company CEO Brady Harris said in a statement.
Based on newer technology than the infrastructure that allows for other types of transactions, Real-Time Payments are an emerging feature in the finance sector. Lenders can send money back and forth within seconds through the Real Time Network operated by The Clearing House, an association owned by 24 of the world s largest banks.
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ResearchAndMarkets.com s offering.
The pace of real-time and faster payments adoption accelerated in the U.S. during 2020 as explored in new research, U.S. Faster Payments Forecast: The Volume Begins to Build.
Solutions such as debit push payments, The Clearing House RTP network, Same Day ACH, and Zelle all experienced strong double-digit and even triple-digit growth in certain use cases. Gains were in part due to the unique environment created by the global pandemic which values fast digital payment types, plus the simple fact that financial institutions and fintechs alike continued to integrate and launch new payment options for customers and members.