Partnership Announcement
Emerald Finance Limited has entered into a partnership with Bhola Jewellers, Chandigarh, to offer its Early-Wage-Access program to the employees of Bhola Jewellers.
Program Details
The partnership aims to provide instant financial relief to employees by allowing them to access part of their salaries seamlessly throughout the month. The company has been working on a salary advance solution as part of its vision to expand offerings and serve retail customers at large.
Product Mechanics
The product entails tying up with employers to offer short-term loans as salary advance. The amount lent is collected through salary deduction from the employees' subsequent paychecks.