For those of you who’ve ever been curious enough to question why one would ever have to wait two weeks to receive money they’ve already earned, this podcast is for you. DailyPay Chief Innovative Marketing Officer Jeanniey Walden talks with us this week about financial inclusion, breaking the invisible barriers around our financial system and what it looks like to have immediate access to your earned wages.
DailyPay is a company focused on changing pay for good. Their objective is to look at ways they can create new solutions that have a positive impact on the entire financial system. Jeanniey talks a lot in this episode about the invisible rules created around money that have been alive in our ecosystem for centuries and have ultimately become barriers that result in subsets of our communities such as the unbanked and underserved.
Their target audience is the employer, the employee and everyone in between, and their mission is to bring more transparency to the employee around the money they make, when they make it, and do it in a timely enough manner that they have the opportunity to generate more financial confidence as a result of it. So, we’re basically talking about real-time access and on-demand pay. Not to mention, DailyPay has enabled hourly workers to see their earned wages in real time for the first time – ever.
Tune in this week to hear Jeanniey talk about the invisible barriers preventing us from financial inclusion, what the average household looks like in the post-Covid, high inflation economy and what more our global financial system could commit to in an effort to strengthen financial inclusion.