Real-time, direct-to-bank deposits give workers more control over how they access earned pay while helping employers offer a modern experience.
Instant Financial, a leader in earned wage access and digital tipping, has teamed up with Payouts Network to make getting paid faster and easier. Through this partnership, employees can now move their earned wages directly into the bank account they already use instantly. Powered by Instant Pay, Instant’s earned wage access solution, and Payouts Network’s real-time payouts technology, this update gives workers more control and flexibility over their pay. At the same time, it helps employers offer a smoother, more modern payroll experience that better meets the needs of today’s workforce.
Financial Technology Insights: BitMine Immersion Tops ETH Treasury, $2.8 Billion Daily Volume
The new feature makes payday simpler by routing wages directly to an employee’s preferred bank account without extra steps or delays. Instead of waiting for traditional pay cycles, workers can now access their earnings instantly, whenever they need them. This capability comes at a crucial time, as research shows that 74% of U.S. workers would stay longer in a job offering same-day access to pay, and 86% would be more inclined to apply for jobs that provide immediate payment.
Financial Technology Insights: Crestwell Underwriters Launches Backed by Bain Capital
“Keith Smith, CEO of Payouts Network, explained it best: “Getting paid should be simple and fast.” With Instant, employees can now send the money they’ve already earned straight into the bank account they use every day—in real time. That means payday no longer feels like a waiting game; instead, it’s seamless, straightforward, and completely in their control. Instant’s EWA solution has already helped workers see their earnings build up as they work, and now, by teaming up with Payouts Network, those earnings can be transferred instantly with clear confirmation giving employees not just faster access to pay, but real peace of mind.
Financial Technology Insights: Continuous Acquires Sycorr to Boost Security for Finance
Tal Clark, CEO of Instant Financial, added, “In partnership with Payouts Network, employees can move their money when and how they want direct to the bank account they already use, instantly so they can access and use funds right away.” With the direct-to-bank transfer capability now available to all Instant Financial customers, employees can enjoy faster, clearer, and more flexible access to their earnings, while employers benefit from offering a more competitive and attractive pay experience.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com