Over half of Americans are living paycheck to paycheck, and there is a significant disconnect between the timing of employee compensation and the cadence of daily expenses. Many offerings can help employees bridge the gap between expenses and income, but they can be costly or inaccessible to lower-income individuals. Now, earned wage access and real-time payment technology can provide employees with immediate compensation. Usage of earned wage access is growing; pay on demand may soon supplant intermittent pay.

This report identifies the issues related to periodic compensation, discusses the technologies that can disrupt the traditional process, and presents a new compensation model that allows employees to manage their income to minimize cash flow problems and optimize opportunities to manage their money better. It is based on market intelligence and insights developed by Datos Insights from previous and ongoing research, interviews with global industry experts, and available public sources.

Clients of Datos Insights’ Retail Banking & Payments service can download this report.

This report mentions CVS, DoorDash, FedNow, iDeal, Instacart, Lyft, McDonalds, Uber, Venmo, Walmart, and Zelle.