Flexible pay gives people the ability to choose when to get paid allowing them to access a portion of wages earned at any point of the month, instead of waiting until payday. It’s an alternative to the fixed pay cycle in which employees can only access their pay once a month, regardless of what they’ve earned and it plays a positive role in improving financial wellbeing by enabling people to shape their pay around their lives. Many choose to use the service to budget, pay for bills, cover unexpected costs or take advantage of time-limited sales or discounts. All transfers are instant and processed via faster payments.
1 in 7 UK adults are financially excluded, with no access to useful or affordable financial products
78% of Wagestream members say they can now pay an unexpected bil