Salary on demand: Learn about the innovative proposal to cover the expenses of the festivities

The Christmas time can be the most expensive month of the year, as the enthusiasm for the festivities leads people to spend money more than usual and, in many cases, incur some kind of debt. Given this scenario, the leading Spanish Fintech in Salario On Demand, Payflow, presents its innovative solution to a critical season for personal finance.

The ‘Salary On Demand’ is a more flexible way of accessing the payroll that is characterized by allowing employees to collect the generated part of their salary at any time of the month, privately, quickly and, depending on the service provider, free.

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In this way, employees do not have to wait until the end of the month to receive their salary and companies can contribute to the financial liquidity of their collaborators through this social benefit, without altering their cash flows or increasing the administrative burden.

The companies that have chosen to incorporate this service have seen an increase in the productivity of their team, a decrease in staff turnover and improvements in their talent loyalty capabilities.

“Social benefits are key for human resources teams, as the positive impact they have on companies is enormous. Being able to access the salary already earned privately and without paying any type of interest or surcharge, has been a lifesaver for many workers and their families.” points Avinash Sukhwani, Co-Founder of Payflow, in Peru.

Unlike other providers, Payflow is characterized by being free for the employee, that is, it is the companies that purchase this service to include it in their workers’ compensation packages.

It is worth mentioning that this new way of collecting a salary has had a good adaptation in Peru, in less than 2 months after being launched in the country.

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