DailyPay

DailyPay provides a platform for employers to offer earned-wage access to its staff through the company’s “PayEx” platform. The platform includes features that allow employees to automate their savings, while employers can issue spot rewards to staff. The company also offers "DailyPay Built In," a human capital management (HCM) solution that allows payroll providers to offer earned wage access and other DailyPay services embedded within their platforms.

DailyPay also rebranded its "Friday by DailyPay Visa Prepaid Card" to "DailyPay Visa Prepaid Card." The card remains a general-purpose reloadable (GPR) card that allows users to transfer a portion of their earned wages in real time, with no fee if users update their direct deposit to the card. The company also introduced a new savings feature to its DailyPay Visa Prepaid Card. It also offers a feature called International Remittances, which allows users to  to easily access and transfer their earnings to family and friends around the world through the app.

The company claims that 80% of the Fortune 200 companies that offer on-demand pay use DailyPay’s platform. Notable clients include McDonald’s, T-Mobile, Berkshire Hathaway, and Kroger. During 2020, the company recorded revenue growth of 141%.

The platform operates a freemium and fee-based pricing model, with some fees charged for instant transfers, foreign transactions and others.

During the latter half of 2024, the company announced plans to launch its EWA offering in the UK, marking the company's first expansion outside the US.

Key customers and partnership

In March 2024, DailyPay partnered with Visa+ to enhance platform interoperability through direct deposits into Visa+ linked accounts and integration with other digital payment apps. In May 2023, DailyPay partnered with UBS Arena through Oak View Group, a venue development, advisory, and investment company, to broaden its product reach by becoming the official “On-Demand Pay Partner” to UBS Arena and New York islanders.