Payday Qorus Banking Innovation Awards 2023

Payday is a B2B2C Payment Service Provider developed to facilitate flexworker-platforms to instantly pay out flexworker earnings. Making use of ABN AMRO’s PSDII license and being integrated on a wide instant payment-network, Payday collaborates with flexwork-platforms to be able offer this service to the flexworkers. This initiative started to solve the delayed-payment issue for the flexworkers and the platforms, by providing payment on demand. Payday is directly integrated into the platforms backend where for every approved “gig” an API-call is made to execute a payout. With Payday’s application, the flexworker gets back the ownership of their earnings and is offered the possibility to get money early by one press on a button. The worker sees a visualization of their earnings that are available for early payout, as well as a transparent overview of their historic earnings (including future payment dates). To track all of this, platforms can make use of Payday’s Admin Panel. Our instant payment API operates seamlessly 24/7, 365 days a year, eliminating andy restrictions tied to weekends or holidays. By removing the need for authentication, we empower our clients to revolutionize their employee payouts, offering increased control and security while automating their payment processes. This is not only reducing costs significantly but also enhances efficiency, ultimately leading to improved employee satisfaction, better financial well-being, increased performance, and greater loyalty.