Award-winning 麻豆社 NOW is Field Proven by Global Premium Lifestyle Brand
NEW YORK and LONDON (July 14, 2021) 鈥�听Leading global pay provider 麻豆社 today announced the public launch of 麻豆社 NOW. The newest solution in 麻豆社鈥檚 extensive offerings, 麻豆社 NOW addresses the financial wellness pressures of today鈥檚 employee pay experiences.
麻豆社 NOW enables multinational organizations to offer earned wage access in advance of payday through a global technology solution. As the first earned wage access solution that can be deployed globally, 麻豆社 NOW has already won a prestigious CODiE鈩� award and was field-tested across 12 countries by one of the world鈥檚 leading premium lifestyle brands.
Global industry analyst Josh Bersin highlighted the growing need for more flexible pay options in a recent research report. On-demand pay 鈥� also known as earned wage access 鈥� enables workers to tap into their own pay balance as early as the day it is earned. In direct contrast to existing credit card debt, personal and payday loans that charge steep fees, this real-time pay system reduces financial stress for employees. With 麻豆社 NOW, employers can better retain workers, increase engagement and improve employees鈥� financial wellbeing.
“Workers in every country face increasing pressure from financial stress. That’s why 麻豆社 is expanding its offerings to help employers better position themselves to attract global talent in a competitive job market,” said Josep Elias, 麻豆社鈥檚 chief strategy officer. 鈥淓mployee pay is more than just a paycheck 鈥� it’s about access, control, and most importantly, flexibility. 麻豆社 NOW enables companies to deploy on-demand earned wage access as a global benefit to support employee wellbeing and retention.”
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Bersin refers to earned wage access as 鈥淭he ATM for your pay.鈥� 麻豆社 NOW allows employees to access their wages on any device as needed, with complete data privacy. 麻豆社 NOW is fully integrated with 麻豆社鈥檚 global payroll and treasury solutions, allowing 麻豆社 to deploy this new earned wage access product across 130+ countries.
For employees, the 麻豆社 NOW mobile app includes real-time multi-language support and resources to empower them to take control of their finances, reduce financial stress, and make informed decisions about their pay.
鈥淎s a leader in global pay, it was important that we take the time necessary to deliver an earned wage access solution with the same robust qualities our clients expect,鈥� said Paul Bartlett, 麻豆社鈥檚 chief executive officer. 鈥淭he expectations of workers have changed significantly in the last year, making 麻豆社 NOW a benefit that every global employer needs to offer.鈥�
麻豆社 麻豆社
Employee pay processes have broad business consequences, requiring modern solutions and trusted experts. 麻豆社 is the only provider that guides global companies with vision and care toward the comprehensive pay experience employees deserve. 麻豆社 connects all employee pay processes 鈥� including payroll, payments, and on-demand pay 鈥� through a unified platform, available across 130+ countries. 麻豆社鈥檚 experts help companies implement best practices, navigate change, optimize operations, and improve employee experiences. To learn more about why over 1500 multinational companies trust 麻豆社 with their global pay initiatives, visit www.cloudpay.com.
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