U.S.-based worktech company, DailyPay, a leader in earned wage access (EWA) services, is embarking on its first international expansion with a new offering in the United Kingdom.
This marks the company’s inaugural venture outside the United States, as it brings its award-winning EWA platform to the global stage.
Starting this fall, DailyPay’s UK expansion will initially be available to clients with operations in the region, allowing their employees access to wages as they earn them, rather than waiting for the traditional end-of-month paycheck.
“International expansion aligns perfectly with our mission to provide earned wage access to everyone, everywhere,” said Josh Durodola, Vice President of International at DailyPay. “Many of our clients operate globally, and the demand for this service outside the U.S. has been clear. We are excited to bring this financial wellness tool to U.K. workers, helping them take control of their wages and improve their financial health.”
Financial stress is a growing concern in the U.K., with over 16 million workers missing payments on essential bills in 2023, according to the UK’s Money and Pensions Service (MaPS). DailyPay’s service has demonstrated positive results in the U.S., where 69 percent of users who previously incurred late fees on bills reported reducing or eliminating those fees since using the platform.
Financial literacy and mental well-being are also areas of concern in the U.K. A study by The Great British Financial Literacy Test found that 88 percent of workers lack confidence in managing their finances, while 32 percent say their financial situation negatively impacts their mental health. By offering on-demand access to wages, DailyPay aims to provide U.K. employees with greater financial flexibility and relief.
DailyPay partners with a broad range of employers, from Fortune 500 companies to small businesses, helping them improve employee satisfaction, hiring, and retention rates. By offering employees the ability to access their pay as they earn it, the company seeks to reduce dependence on overdrafts, high-interest loans, and payday lenders—key financial stressors for many workers.
The U.K. expansion reflects DailyPay’s growing role in reshaping pay practices worldwide, with the potential to improve financial stability for millions of workers globally.
Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.
Recent Comments on Stories