DailyPay Expands Its Groundbreaking On-Demand Pay Service to Canada
In a significant move for financial technology in the workforce sector, DailyPay, a prominent worktech company renowned for its On-Demand Pay solutions, is set to expand into Canada in May 2025. This initiative marks the company's second international foray, following its successful launch into the United Kingdom in September 2024.
DailyPay's expansion aligns with its mission to provide innovative financial solutions that empower employees to have better access to their earnings whenever they need them. By facilitating the ability to receive pay on demand, the company aims to transform the financial landscape for daily workers in Canada. This step is anticipated to offer substantial benefits to employees who often struggle with financial stability and live paycheck-to-paycheck—a group that comprises a notable 56% of Canada's workforce.
Josh Durodola, the Vice President of International at DailyPay, shared insights on the expansion: "Bringing our worktech solution to the Canadian market is a significant milestone in our ongoing quest to serve our global clients. We believe in enabling employees with greater control over their finances, thereby enhancing retention, productivity, and overall job satisfaction."
Notably, several esteemed Canadian employers will be among DailyPay's first clients, including Hotel Equities, Sekure Payments Experts, Bamford Produce, Kids Company, and HGS. These partnerships demonstrate a shared commitment to improving employee financial health and creating a supportive work environment. Companies like Hotel Equities stress the value of DailyPay in fostering their employees' financial well-being. Raj Chollangi, the Regional Director of Operations at Hotel Equities, expressed, "By offering DailyPay, we aim to empower our associates with more flexibility and control over their earnings, supporting their journey towards financial stability."
The Sekure Payments Experts also emphasize the importance of this new partnership, highlighting its commitment to prioritizing employee welfare. Their Vice President, Katie Chiarelli, stated, "With DailyPay, we can provide our employees financial flexibility, alleviating stress and contributing to their overall well-being. This is a crucial step in enhancing how we value and support our workforce."
Data from Arizent, commissioned by DailyPay, further substantiates the efficacy of this service. Research reveals that employees utilizing DailyPay in the U.S. exhibit heightened productivity, increased engagement, and greater job retention rates. Over 90% of employers surveyed in the U.S. noted that DailyPay adds significant value to their benefits offerings, with 89% recommending it to their industry peers.
DailyPay is not only transforming the payment process for workers but is also pioneering a paradigm shift in how employers and employees interact regarding pay. DailyPay's services are designed to foster a productive work environment while ensuring financial wellness for employees. The company's headquarters resides in New York City, dedicated to leveraging advanced technology to continue its expansion and enhance financial accessibility.
With the introduction of its On-Demand Pay model in Canada, DailyPay is poised to have a meaningful impact, potentially reshaping the landscape of employee compensation and financial management. For those interested in further details about this groundbreaking service, more information can be found at www.dailypay.com/press, where employees and employers alike can discover how to integrate DailyPay into their financial wellness strategies.
DailyPay's expansion aligns with its mission to provide innovative financial solutions that empower employees to have better access to their earnings whenever they need them. By facilitating the ability to receive pay on demand, the company aims to transform the financial landscape for daily workers in Canada. This step is anticipated to offer substantial benefits to employees who often struggle with financial stability and live paycheck-to-paycheck—a group that comprises a notable 56% of Canada's workforce.
Josh Durodola, the Vice President of International at DailyPay, shared insights on the expansion: "Bringing our worktech solution to the Canadian market is a significant milestone in our ongoing quest to serve our global clients. We believe in enabling employees with greater control over their finances, thereby enhancing retention, productivity, and overall job satisfaction."
Notably, several esteemed Canadian employers will be among DailyPay's first clients, including Hotel Equities, Sekure Payments Experts, Bamford Produce, Kids Company, and HGS. These partnerships demonstrate a shared commitment to improving employee financial health and creating a supportive work environment. Companies like Hotel Equities stress the value of DailyPay in fostering their employees' financial well-being. Raj Chollangi, the Regional Director of Operations at Hotel Equities, expressed, "By offering DailyPay, we aim to empower our associates with more flexibility and control over their earnings, supporting their journey towards financial stability."
The Sekure Payments Experts also emphasize the importance of this new partnership, highlighting its commitment to prioritizing employee welfare. Their Vice President, Katie Chiarelli, stated, "With DailyPay, we can provide our employees financial flexibility, alleviating stress and contributing to their overall well-being. This is a crucial step in enhancing how we value and support our workforce."
Data from Arizent, commissioned by DailyPay, further substantiates the efficacy of this service. Research reveals that employees utilizing DailyPay in the U.S. exhibit heightened productivity, increased engagement, and greater job retention rates. Over 90% of employers surveyed in the U.S. noted that DailyPay adds significant value to their benefits offerings, with 89% recommending it to their industry peers.
DailyPay is not only transforming the payment process for workers but is also pioneering a paradigm shift in how employers and employees interact regarding pay. DailyPay's services are designed to foster a productive work environment while ensuring financial wellness for employees. The company's headquarters resides in New York City, dedicated to leveraging advanced technology to continue its expansion and enhance financial accessibility.
With the introduction of its On-Demand Pay model in Canada, DailyPay is poised to have a meaningful impact, potentially reshaping the landscape of employee compensation and financial management. For those interested in further details about this groundbreaking service, more information can be found at www.dailypay.com/press, where employees and employers alike can discover how to integrate DailyPay into their financial wellness strategies.
Topics Financial Services & Investing）
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