Earned Wage Access – A Global Study on Benefits and Risks

This study on Earned Wage Access (EWA) brings a new dimension to the Global Centre’s research agenda by exploring a financial product made possible through the digitization of wage payments. As the report highlights, EWA is a technology-enabled service that relies on fully digitized payroll systems and illustrates how payroll data can facilitate not only access to finance, but also the development of more tailored financial services. By leveraging payroll data to better assess risk, financial service providers can potentially offer more affordable and relevant financial products to both workers and enterprises.

The findings in this report are intended to support regulators, employers’ and workers’ organizations, and enterprises considering offering EWA to their workforce.