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| less than a minute read

Chime to add earned wage access offering to banking app

With “MyPay", qualifying members will be able to access $20 to $500 of their pay before payday during each pay period.


 

"PYMNTS Intelligence has found that 56% of consumers with earned wage access said they have used it. The solution is especially helpful for gig workers and contractors who are more likely to face financial insecurity than their salaried counterparts."

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industry, ewa, payments, us, chime