With the swipe of a finger, people can now make payments and manage their finances entirely on their mobile devices. These digital wallets provide instantaneous access to funds and enhance purchasing power almost tenfold.
But this technological and socioeconomic movement will trip on a huge hurdle if people can’t quickly take possession of their money. That’s why the future of payments hinges largely on how fast organizations let employees access their earned wages and other payments.
Workers expect employers to get with the times — and the times call for organizations to offer the same consumer-grade experiences their employees enjoy outside of the workplace.